MDS / ADP
ADP - US private employment
What it measures
Changes in US private employment based on ADP payroll data.
Why traders follow it
A stronger result may lead markets to expect a more hawkish Fed, a weaker result a more dovish one. USD and gold are in focus. ADP is not NFP and does not predict it precisely.
Check the country, period and source. A single value or regime label does not determine a trade's direction.
Official methodology