ADP Employment Report

Highlights ADP's sample reports a 200,000 rise in private payroll growth for July vs June's upwardly revised 198,000 rise. Econoday expectations were looking for slight slowing, to 179,000 vs ADP's initial June reading of 188,000. The Econoday consensus for Friday's nonfarm payroll headline, which includes government workers, is currently expected to show slowing, to 175,000 vs May's 195,000. Today's report is likely to raise expectations for a little bit more strength in Friday's data.

Market Consensus before announcement ADP private payroll employment showed significant month-to-month improvement in job growth, to a still moderate 188,000 for private payrolls in June versus a slightly revised and less than moderate 134,000 gain in May. The BLS estimate for private payrolls in June posted at a gain of 202,000