Strength Coming In Friday Employment Report: ADP

ADP is calling for strength in Friday's employment report, at a higher-than-expected gain of 217,000 for government payrolls in November. Month-to-month, this report is not always an accurate indicator for the government's data, forecasting a much lower reading than what turned out for October and a much higher reading than what turned out for September. But ADP's trend has been accurate, that is steady payroll growth near 200,000 -- and today's report points to strength that would be slightly above trend.

Recent History Of This Indicator:
ADP's private payroll tally is expected to come in at 183,000 in a gain that would point to solid strength for Friday's employment report and that would further build expectations for a mid-month rate hike.