ADP Predicts Private Payrolls Increased 257K

ADP is calling for unusual strength in Friday's employment report, at 257,000 for private payrolls which is far outside Econoday's consensus at 190,000 and well outside the high estimate for 227,000. Strength of this degree would underscore the health of the labor market and would begin to seal expectations for a rate hike at the March FOMC. ADP isn't always an accurate barometer for the employment report but today's results could definitely affect the markets.

Recent History Of This Indicator:
ADP's private payroll tally for December is expected to rise 190,000 in a gain that would point to solid strength for Friday's employment report. ADP is not always a reliable indicator but this report did forecast what turned out to be strength for the November employment report.