Here come ADP private payrolls ...
Mario Tama/Getty Images
Economists estimate that the report will show private payrolls grew by 175,000 in August, according to Bloomberg.
As usual, this release precedes the government's non-farm payrolls numbers on Friday.
Both take on added importance right now because of the Federal Reserve, which has become more vocal about its plans to raise interest rates again soon.
Strong employment in August would complete a "hat trick of stellar jobs reports," the third consecutive strong month, wrote Craig Erlam, senior market analyst at Oanda.
"Two excellent jobs reports in June and July have put a rate hike this year well and truly back on the table but it would seem that investors want at least one more in order to be convinced," he said in a note on Wednesday. "While December may now be marginally priced in for a hike, a weak jobs report could quickly change that."
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status