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.
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.
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