On June 5, 2024, at 20:15 Singapore time, Automatic Data Processing, Inc. (ADP) will release the U.S. ADP Employment Change for May. The ADP Employment Data is a monthly indicator of changes in non-farm private sector employment in the U.S., often referred to as the 'mini non-farm payrolls.' It is one of the key indicators for predicting and analyzing the overall health of the U.S. economy. Compared to the official non-farm payroll report from the U.S. Bureau of Labor Statistics (BLS), the ADP report is released earlier and is often used as a reference for predicting BLS data. If the released data is higher than expected, it will be favorable for the U.S. dollar and Treasury yields, but unfavorable for non-U.S. currencies, rate cut expectations, risk markets, and the cryptocurrency market. XT Research Institute considers the importance of this data to be four stars.

<div>
Deep Tide TechFlow News: At 20:15 Singapore time on June 5, 2024, Automatic Data Processing, Inc. (ADP) will release the U.S. May ADP Employment Change (in ten thousand people). This data indicator is released monthly (on the first Wednesday of each month).
Data Meaning: Also known as the "mini non-farm payroll," it refers to the monthly indicator released by ADP. The official name is the ADP National Employment Report. This report measures changes in non-farm private sector employment in the U.S., with data collected from approximately 500,000 anonymous U.S. companies. The ADP non-farm employment data is widely regarded as an important indicator of the U.S. labor market and is often used to predict and analyze the overall health of the U.S. economy.
Compared to the official non-farm payroll report released monthly by the U.S. Bureau of Labor Statistics (BLS), usually referred to as the "non-farm payroll," the ADP report is considered an early preview. Since it is released earlier than the BLS report, the ADP report is sometimes used by investors and economists as a reference to predict BLS data.
Data Impact: Actual value > expected value, bullish for the USD, bearish for non-USD currencies. Bullish for Treasury yields. Bearish for rate cut expectations, bullish for rate hike expectations. Bearish for risk markets and the virtual currency market.
XT Research Institute's attention index: 🌟🌟🌟🌟
XT Research Institute states *data source is Jintou Data, this report does not constitute investment advice.
</div>

The US May ADP employment data is about to be released, attracting significant market attention.