February ADP = +117,000

This is jobs week, and there’s a standard order to it.

On Wednesday, ADP releases its report on private payrolls.

Then on Thursday, the government releases its weekly report on jobless claims.

Finally, on Friday, the government releases the big monthly jobs report.

This morning, we got the ADP payrolls report and it indicated that the U.S. economy created 117,000 net new private sector jobs last month. That was well below expectations of 225,000. I’ll add that the ADP report doesn’t always line up well with the government’s numbers.

For this Friday’s government report, Wall Street expects non-farm payrolls to rise by 210,000.

Posted by on March 3rd, 2021 at 12:13 pm


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