157K new jobs in June, more than double expectations of 70K.
Futures have perked up even more on the news.
This continues the streak of surprises.
Up in a few minutes… .the initial jobless claims report.
Original post: Analysts are expecting 70K new private sector jobs vs. 38K new private sector jobs last month.
Of course, this is all just a little taste ahead of the jobs report that comes out on Friday.
While the ADP hasn’t been terribly consistent of late, over time this number has been a good predictor, directionally.