The consensus expected for the ADP December employment number is 115,000
- November's ADP number was +103,000
The range of estimates is 99K to 130K. Results outside this range should prompt extended market moves, in a nutshell a number under 99K will reignite expectations of more FOMC rate cuts, sooner. Vice versa for a number above 130K.
ADP is due at 8.15am US Eastern time.
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The national employment report from Automated Data Processing Inc. is computed from ADP payroll data and offers advance indications on the U.S. workforce.
- ADP's data cover more than 500,000 companies totaling more than 25 million employees.
