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Here come ADP private payrolls …

Mimi Sabreena 8:04:00 PM Pilihan Editor

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Thomson Reuters

The HR-services provider ADP will release its monthly report on private employment at 8:15 a.m. ET.

Economists estimate that private payrolls rose by 175,000 in April, according to Bloomberg.

In March, private payrolls rose by 263,000, many more than expected. That contrasted with the Bureau of Labor Statistics’ jobs report, which showed the economy added 98,000, fewer than forecast.

It demonstrated why some economists have cautioned against using the ADP print as a preview of the official jobs report.

The consensus estimate for April nonfarm payrolls is 190,000.

More to come …

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