Blow-Out ADP Report

The big jobs report is on Friday. We got a preview of it this morning with the ADP private payrolls report.

The ADP doesn’t perfectly align with the government’s data but today’s report was incredibly strong. ADP said the U.S. economy added 298,000 net new jobs last month. Wall Street had been expecting 190,000. This was the strongest ADP report in three years.

It looks like the Fed will raise rates next week no matter what, but a strong jobs report on Friday could lead to another rate hike this summer.

Posted by on March 8th, 2017 at 11:11 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.