Here come ADP private payrolls ...
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Economists estimate that private payrolls grew by 165,000 in September, according to Bloomberg.
ADP's release comes ahead of the official jobs report from the Bureau of Labor Statistics on Friday.
"Relative to our a priori assumptions for this morning's ADP report, we would need to see a meaningful miss in the vicinity of 60k - 70k for us to consider altering our nonfarm payroll forecast," wrote Deutsche Bank economists in a preview.
They estimate that Friday's data will show nonfarm-payrolls growth of 130,000, consistent with a slowing pace of job creation, and fewer than than the consensus forecast for 174,000.
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