SLIGHT MISS: ADP JOBS REPORT COMES IN AT JUST 176K
DeGolyer Library, Southern Methodist University, Dallas, TexasAs a preview ahead of tomorrow's huge Non-Farm Payrolls report, today we get the ADP jobs report.
It's a survey of private companies taken by ADP, the payroll company. It's designed to give an approximation of the official jobs report.
And given how big the official jobs report is going to be this week (because it could influence the Fed) this is a big deal.
According to Bloomberg, the consensus is for 184K new jobs, down from 200K last month.
We'll have the number here at 8:15 AM ET.