ADP Jobs Report Surges Past Estimates — But Prior Month Revised Sharply Lower

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ADP jobs report comes in at 192K, ahead of the 165K that were expected.

This is up from a downwardly revised 185K last month.

Remember, this is only private sector payrolls.

The one catch. Last month was revised down from 210K to 185K.

Overall, market not moving too much.

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At 8:15 AM ET, we get the ADP jobs report.

It’s seen as an OK preview of the big Non-Farm Payrolls report that comes out on Friday.

Analysts expect a reading of 165K, down from 215K last time.

Remember, this is only private-sector payrolls, so government layoffs don’t change anything.

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