![News hero gradient](/en-sg/-/media/project/gain-capital/city-index/heros/news/news-article-lp-hero.jpg?h=278&iar=0&w=1920&hash=BC85850E7BE96D29FF66A509A6ED0DD5)
ADP
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![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![Apply now highlighted in newspaper](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/jobs-1.jpg?h=300&w=1170&hash=85F3B23F945CB933F5A636AE9E51548F)
ADP large miss; But does it matter for NFP?
Looking at the series over the passed few months, there is volatility between ADP and NFP data
!["Newspaper snippet of jobs board"](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/jobs-3v2.jpg?h=300&w=1170&hash=4020F2B976B025D1D75AB6D80B3CC5CF)
Whose employment data do you trust more? ADP or ISM
Depending on your answer, it may give you a better expectation for NFP on Friday
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Gold probing 6-week highs after big ADP employment miss
While the ADP report can be a volatile leading indicator for NFP on a month-by-month basis, it’s undeniably concerning that it has shown declining employment growth and negative revisions for three consecutive months now.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-meet-our-team-matt-weller-125x125.png?h=125&w=125&hash=EE979831249DF8FBD8D936A344D85748)
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US Dollar: Possible Profit Taking Actions before Non-farm Payrolls
On Tuesday, the ICE U.S. Dollar Index has stabilized after briefing dropping to its weakest level in more than two years, ending up 0.1% on day to 92.31. U.S. ADP private jobs report for August will be today's focus, with an increase of 1 million expected and compared with +167,000 in July.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-meet-our-team-guest-125x125.png?h=125&w=125&hash=B31BB0758A521538FDB852D76CDC3F99)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
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![N_A_Promo_Block_BG_Comp](/en-sg/-/media/project/gain-capital/city-index/background-gradients/na-promo-block.jpg?h=431&iar=0&w=364)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
![jobs_01](/en-sg/-/media/research/global/news-analysis/featured-image/2021/03/0-news-and-analysis-new-header-images-2023/jobs/jobs_01.jpg?h=300&w=1170&hash=13575BD677AF1F880216EFD9FF70C1AA)
So how good is APD at predicting NFP, anyway?
With the monthly ADP payrolls figures delivering a solid set of data ahead of Friday’s nonfarm payrolls report, I take a closer look to see if the ADP can help pick the direction of NFP.
![default avatar](/en-sg/-/media/project/gain-capital/shared/authors/na-matt-simpson-financial-analyst-stonex-125x125.png?h=125&w=125&hash=97C40C7BFEF7052D44BF7A4E8C212019)
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