Economic indicators are very important to follow. These economic reports influence both the stock market, and the currency market US$, as well as the bond market.
It is always important to remember what figure is the market expecting, and if the actual figures that are released, are above or below expectations. Trend on a year over year, and quarter over quarter basis is also of key importance.
ADP Nonfarm Employment Change
The ADP (Automatic Data Processing, Inc.) Nonfarm Employment Change is a measurement of the number of new jobs created in the previous month (of course excluding farming related employment). This report is said to be a precursor to the much more widely followed Nonfarm Payroll Report, which of course is released two days later.