NFP and Other Non farm are same or different?

[shanmugapradeep]

Hello,

News like

1. Non Farm Payroll
2. Non-Farm Employment Change
3. ADP Non-Farm Employment Change

all are same news with different names but these are different news?

 

[Enivid]

1. Non Farm Payroll
2. Non-Farm Employment Change

These two are the same.

ADP Non-Farm Employment Change

This is different. It's an indicator that aims to measure the same thing (non-farm employment change) but unlike the previous one, it is calculated by and is based on the data by the ADP corporation.

 

[cordelian]

Non-farm payroll represents the change in jobs in the economy over the previous month that does not include farm workers, private household employees, or non-profits. However, the ADP National Employment Report measures levels of non-farm private employment. The Report is based on the actual payroll data from about 25 million employees and is produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.

 

[fargana]

Hello,

News like

1. Non Farm Payroll
2. Non-Farm Employment Change
3. ADP Non-Farm Employment Change

all are same news with different names but these are different news?

Second is a sub-indicator of the first one while third is different, it is a report that covers labor market but from a private agency. However during high degree of uncertainty even ADP can produce significant market impact.