Released On 10/3/2012 8:15:00 AM For Sep, 2012 | | Prior | Prior Revised | Consensus | Consensus Range | Actual | ADP employment | 201,000 | 189,000 | 140,000 | 90,000 to 190,000 | 162,000 |
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Highlights
ADP estimates that September private payrolls will rise by 162,000, which is stronger than the Econoday consensus for 140,000 and points to solid monthly acceleration from the disappointing 103,000 actual increase in the August employment report. How much ADP's call will affect expectations for Friday's employment report, which are flat and soft, is uncertain. ADP sometimes misses big, like the last report for August when it called for a big accelerating gain that turned out to be a small slowing gain. Futures are moving slightly higher following today's report. |