November Private Payroll Growth 190K: ADP

A pre-hurricane total of 190,000 is ADP's call for November private payroll growth which would follow a hurricane-related upswing of 252,000 in October and 15,000 downswing in September. This fits with Econoday's consensus for Friday's November report where private payrolls are expected to rise 184,000. Demand for labor has been very strong this year though wage traction has still been limited. Note that ADP's October call is unrevised at 235,000.

Recent History Of This Indicator:
ADP made a good call back in October, looking for sharp but still limited bounce back for payrolls which were depressed by hurricanes in September. The consensus for ADP's November call is 186,000 vs ADP's October call of 235,000.