ADP JOBS REPORT BEATS EXPECTATIONS AT 91K NEW JOBS

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Photo: Library of Congress

The update:91K new jobs is better than the 75K that analysts had expected and up slightly from a revised 89K last month.

That’s decent news ahead of this Friday’s jobs report, and a welcome difference from that dismal Challenger layoffs report earlier.

Futures are pointing modestly higher, having bounced a bit on the news.

 

Original post: Here comes the sampler course ahead of this Friday’s jobs report.

ADP private sector employment comes out at 8:15.

Analysts expect just 75K new jobs down from 91K.

We already got one ugly number today in the form of the Challenger layoffs report.

While this only captures the private sector, and it is sometimes seen as inaccurate, ADP does have a good track record over time, and the market will pay attention.

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