Private Payrolls Add 177K Jobs In August: ADP

August has been another good month for the U.S. labor market based on ADP's 177,000 estimate for Friday's private payrolls. This would be a bit lower than the 194,000 revised ADP estimate for July but still more than enough for strong August growth. Private payrolls in Friday's report from the government are expected to rise 179,000 following July's actual rise of 217,000.

Recent History Of This Indicator:
ADP employment has been accurately predicting gains all year, including in July when its 165,000 estimate for private payrolls, though under the actual 217,000 gain, pointed to lower but still solid growth from the prior month. ADP's call for August is 175,000 in what would also be a solid gain.