Are the big and small non-agricultural trends consistent? In a blink of an eye, it’s non-agricultural once again. Non-agricultural data is an economic indicator that foreign exchange traders pay great attention to. Non-agricultural has a big non-agricultural and a small non-agricultural. So what is the connection between the two? ? Are the big and small non-agricultural trends consistent? I will answer it for you today.
What is big non-agricultural?
Big non-agricultural is what we usually call non-agricultural, that is, US non-agricultural employment data. The three values, including the non-agricultural employment rate, the unemployment rate, and the number of non-agricultural employment, are data indicators that reflect the employment status of the non-agricultural population in the United States. Big non-agricultural statistics are conducted by the Statistics Department of the Labor Department of the US Department of Labor and are official data. The announcement time is the first Friday of each month.
What is a small non-agricultural?
Small non-farmers may be relatively unfamiliar, the full name is ADP employment data. Small non-agricultural data covers employment data in the private sector in the United States (excluding government departments), derived from a survey of 500,000 private organizations, covering 35 million American employees. Statistics and release by the American Automatic Data Processing Company are unofficial data. The announcement time is the first Wednesday of each month.
Are the big and small non-agricultural trends consistent? What is the connection?
The trends of large and small non-agricultural enterprises are not necessarily the same, sometimes they may be the same, but sometimes there are differences. Under normal circumstances, the small non-agricultural ADP data has a certain predictive effect on the large non-agricultural data, and will show a relatively large correlation, because both of them are reflections of the employment situation in the United States.
Why are the trends of non-agricultural sectors not necessarily the same?
The reason why the trends of large and small non-agricultural enterprises are not necessarily the same is that the sources of the two data are not consistent. Large non-agricultural enterprises include all non-agricultural employment conditions, while small non-agricultural enterprises only include the employment conditions of private units in the United States, such as occupying a considerable amount. The employment situation of government personnel in the government sector is not included in the small non-agricultural data.
Are the big and small non-agricultural trends consistent? The answer is not necessarily. Small non-agricultural ADP data has a certain predictive effect on large non-agricultural data. Traders can use small non-agricultural ADP data as a reference for analyzing the trend of large non-agricultural.