ADP Employment Change
Wed · Sep 2 · 8:15 AM ET
Release history
| Period | Actual | Prior | S&P that day |
|---|---|---|---|
| Apr 2026 | 62K | 66K | +0.1% |
| Apr 2026 | 62K | 66K | +0.8% |
| Mar 2026 | 63K | 11K | -0.6% |
| Mar 2026 | 63K | 11K | +0.7% |
| Feb 2026 | 22K | 37K | -1.2% |
| Dec 2025 | -32K | 47K | +0.1% |
| Nov 2025 | 42K | -29K | -1.1% |
| Oct 2025 | -32K | -3K | +0.1% |
“S&P that day” = S&P 500 (SPY) close-to-close move on the release date — a proxy for the market’s reaction.
What is ADP Employment Change?
The ADP National Employment Report estimates the monthly change in U.S. private-sector jobs, based on payroll data from ADP, which processes paychecks for over 25 million workers. It is released two days before the official government payrolls report.
Why it moves markets
ADP offers an early, independent preview of the labor market ahead of Friday’s NFP. While it does not always track the official number closely, a large surprise can shift expectations for payrolls and move markets.
How to read it
Compare the private-jobs change (in thousands) to forecast and to the upcoming NFP estimate. Treat it as a directional hint for payrolls rather than a precise predictor.
Upcoming releases
Times in U.S. Eastern (ET). Economic data from official sources (FRED); schedules and AI estimates may change. For information only — not investment advice.