XT Research Institute: US ADP employment data for May will be released soon

XT Research Institute reminds users to pay attention to macro data: At 20:15 on June 5, 2024, Singapore time, the US Automatic Data Processing Company will release: US ADP employment in May (10,000 people) Release frequency: once a month (released on the first Wednesday of each month). Data meaning: Also known as "small non-farm", it refers to the monthly indicator released by the US Automatic Data Processing Company (ADP), and its official name is the ADP non-farm employment change report. This report measures the changes in non-farm employment in the US private sector, and the data is collected from about 500,000 anonymous US companies. ADP non-farm employment data is widely regarded as one of the important indicators of the US job market conditions and is often used to predict and analyze the overall economic health of the United States. Compared with the official non-farm employment report (usually referred to as "non-farm") released monthly by the US Bureau of Labor Statistics (BLS), the ADP report is considered an early preview. Because it is released earlier than the BLS report, the ADP report is sometimes used by investors and economists as a reference for predicting BLS data. Data impact: Announced value > expected value, good for the US dollar, bad for non-US currencies. Good for treasury bond yields. Bad for rate cut expectations, good for rate hike expectations. Bad for risk markets and virtual currency markets. (Data source: Jinshi Data) Note: The above content is not intended as investment advice.