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fxAug 5, 2026, 5:32 AM

ADP Private Payrolls in Spotlight Ahead of Friday’s Jobs Report

Traders await the ADP July private sector employment data for early signals on the US labor market ahead of Friday’s official jobs report, with weekly estimates hinting at slowing job growth.

Market attention turns to the ADP release for July, which will give an early indication of US labor market trends before the official employment report on Friday. The ADP figures are often seen as a proxy for the nonfarm payrolls number.

Recent weekly estimates from ADP have started to show a cooling in employment growth, suggesting that Friday’s government data could also reflect a softer labour market. The outcome may influence expectations for Federal Reserve policy and near-term dollar direction.

Source: FXStreet Forex News