ADP Shows Private Payrolls Grow 200K

ADP's call for Friday's September employment report is on the high side but only slightly, at 200,000 for private payroll growth vs Econoday expectations for 190,000. ADP's call for August, an initial 190,000 now revised to 186,000, proved much stronger than the initial government total of 140,000. Today's result won't likely shake up the outlook for Friday's employment report where another month of moderate improvement is expected.

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ADP definitely got one right in August, correctly calling for sub-standard growth in private payrolls. ADP's private payroll count in September is expected to match August, at 190,000.