ADP revamping national employment report
It's a big week for jobs data, but investors will be missing one key influential report; the ADP data, a widely viewed pre-cursor to the government's monthly data.
The human resources management software and services provider will pause the July 7 and August 3 releases of its monthly national employment report as the company retools its methodology.
The revamped report will provide a "more robust, high-frequency view of the labor market and trajectory of economic growth" the company specified.
ADP is aiming to unveil the new report on August 31.
"ADP's extensive dataset of...