Jobs data built from private companies' payroll data. It gets attention as a "preview" of Friday's US jobs report (NFP).
Japan time (JST, winter)22:15
Japan time (JST, summer)21:15
Importance★★★
FrequencyOnce a month
Release dateUsually Wednesday, two days before the jobs report
Released byADP (a private payroll company)
1A 30-second chat
JUDITHThere are two jobs reports?
JADEThe real US jobs report (NFP) is the government one on Friday; this is the private ADP one on Wednesday. They're measured differently, so the numbers often don't match.
JUDITHSo it's not reliable?
JADENot directly. But it can shift the forecast for Friday, so the market reacts. Think of it as a "Friday preview"
2Just check this
1
Change in private employment
How many private-sector jobs were added last month
2
The gap vs. forecast
If it's far off, even the forecast for Friday's jobs report can change
3
By industry and company size
Which industries and company sizes added jobs
3How does the market move?
Price moves on the size of the gap vs. forecast, more than on whether the result is good or bad
▲ Stronger than expectedStrong jobs → Friday's jobs report may be strong too → USD tends to rise
▼ Weaker than expectedWeak jobs → Friday's jobs report may be weak too → USD tends to fall
These are common patterns. Depending on the news at the time, price can move the other way.
The direction is different every time. Right after the release, price can swing either way.
4Prop firm watch-outs
It is risky to decide what Friday's jobs report will be from the ADP result alone and take a big position. The market can swing twice that week, on Wednesday and Friday, so don't use up your weekly loss budget on Wednesday.
FUNDED7 rules:Holding trades through a release is allowed, but opening a new large position right before a release is a no-go (Official FAQ）
Daily loss line:5% of the previous day's closing balance. Unrealized losses count too (Official FAQ）
The rules for not failing on data release days are in the illustrated rulebook Add us on LINE to get the rulebook and getting-started guide for free. We also hold a free Zoom intro session for beginners every Friday from 22:00
