Mon Jul 30, 7:15pm (GMT +7:00) : USD : High Impact Expected : ADP Nonfarm Employment Change

Source Automatic Data Processing, Inc. (latest release)
Measures Estimated change in the number of employed people during the previous month, excluding the farming industry and government;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, around the end of the current month;
Next Release Sep 4, 2008
FF Notes Leads the government-released employment data by 2 days, and has slowly demonstrated its predictive qualities since its May 2006 debut;
Why Traders
Care Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived Via ADP provides payroll services to many corporations in the US. They use the data collected from their customers to derive the overall employment estimations;
Acronyms Automatic Data Processing, Inc. (ADP);