Friday's employment report will be a flop, based on ADP's estimate for private payrolls which it sees rising only 185,000. This compares with Econoday expectations for 210,000 and is below the low estimate for 190,000. For comparison, the consensus for Friday's private payrolls is also 210,000. ADP has a spotty record but these results may be weak enough to lower expectations for Friday's report.
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Recent History Of This Indicator:
The ADP employment report is expected to show a 210,000 gain for private payrolls in July vs ADP's 237,000 estimate for June which proved to be on the high side. This report, though ambitious in scope, has had a checkered track record and, unless wildly outside expectations, isn't likely to move the markets. | |
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Wednesday, August 5, 2015
ADP Sees Private Payrolls Rising 185K
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