Brocker.Org: Here come ADP private payrolls …

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Thomson
Reuters

The HR-services provider ADP will release its monthly report on
private employment at 8:15 a.m. ET. 

Economists estimate that private payrolls rose by 175,000 in
April, according to Bloomberg.

In March,
private payrolls
 rose by 263,000, many more than
expected. That contrasted with the Bureau of Labor Statistics’
jobs report, which showed the economy added 98,000, fewer than
forecast.

It demonstrated why some economists have cautioned
against using the ADP print as a preview of the official jobs
report. 

The consensus estimate for April nonfarm payrolls is
190,000. 


More to come … 

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