ADP Reports Private Payrolls Rose 182K In October

ADP is calling for a 182,000 rise in private payrolls, a respectable gain that is right at expectations and that would likely keep in place chances for a December FOMC rate hike. Last month, ADP called for a 200,000 rise in September private payrolls, now revised to 190,000, which actually came in far lower at 118,000. Next indication on Friday's employment report will be ISM's non-manufacturing employment index to be posted later this morning.

Recent History Of This Indicator:
ADP's employment report is expected to call for a 185,000 rise in private payrolls for October which would be far above the government's 118,000 total in September. But ADP, as it sometimes does, missed the mark last month calling, not for decreasing growth, but increasing growth to 190,000 which made for a big 72,000 miss. This report gets a lot of attention but is rarely market moving.