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Forex News: The ADP Employment report is due at 8:15 AM

Posted by Greg Michalowski on Wed, 03/05/2008 - 8:11am in

The expectations are for a increase of 18,000 jobs.   Last month the number was reported up 130K and later revised to 126K.  The number diverged from the Non Farm Payroll figure which was reported at -17,000 jobs.  The report has not been a great predictor of the NFP of late.  Over the last 3 months the difference has been 143,000, 40,000 and 125,000. 

The NFP on Friday is expected to show a gain of 25,000 jobs. 

One thing to note is the ADP does not include a figure for Government jobs in their report.  On average that usually adds 20,000 jobs a month (although last month NFP government jobs was reported at -18,000).  So, the figure that is announced should also include 20,000 jobs to equate to NFP.

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