HUGE: ADP Jobs Report Smashes Expectations, With 157K New Jobs

The number:

Great number.

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.


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