Employers Added 214K Jobs In February, According To ADP

Friday's employment report may be on the strong side based on ADP's private payroll count for February which is a stronger-than-expected 214,000. ADP isn't always an accurate barometer of the government's data but it has been the last two reports, pointing to a surge in December followed by a retreat in January.

Recent History Of This Indicator:
The ADP employment report doesn't always predict the outcome of the government's employment report but it has been accurate the last two reports, signaling convincing acceleration in December and then slowing in January. Forecasters see Friday's employment report for February showing strength and likewise see ADP showing strength as well, at a consensus 185,000 vs ADP's private payroll count of 205,000 in January.