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Here come ADP private payrolls …

job fair

The latest report on private payroll growth from ADP is set for release at 8:15 a.m. ET.

Expectations are for the report to show payrolls grew by 198,000 in December, down slightly from the 217,000 number reported in November.

As we’ve noted, however, a number of economists argue that this report holds little predictive value for Friday’s official payroll report.

Expectations for the government number is for the economy to add 200,000 jobs in December.

We’ll be back with the full report when the numbers cross.

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Source : BusinessInsider.Com