Economics – ADP Report

The ADP monthly employment report was released this morning showing 325,000 jobs added in December.  This compares favorably to estimates of 180,000 to around 200,000 jobs. What is interesting about the ADP report is it comes out just before the closely watched employment report from the Labor Department. At times the ADP report does a good job forecasting what the official employment report says about the current status of the labor force and at times it has been off the mark. Either way we will know at 7:30 central tomorrow if the two match up this month or not.