Private Payrolls Rise 234K: ADP

ADP sees a very strong employment report coming out on Friday, estimating a 234,000 rise in private payrolls. ADP has been running above actual government data which is reflected in the difference in Econoday's consensus calls for each, at 195,000 for today's ADP report and 172,000 for Friday's report. But the bottom line is that ADP, however hit and miss this report can be, sees significant strength for the January employment report.

Recent History Of This Indicator:
ADP is always hit and miss and December's call unfortunately was definitely a miss, at an accelerating gain of 250,000 for private payroll growth vs an actual 146,000 and a sharply decelerating gain. The consensus for ADP's private payroll call for January is 195,000.