ADP Employment Report Points To Strengthening Jobs Outlook

The ADP Employment Report was just released, showing a gain of 230,000 versus expectations of 220,000. The ADP National Employment Report measures non-farm private employment based on payroll data from about 24 million employees processed by Automatic Data Processing, Inc. ADP. September numbers came in at 213,000, with the August number being revised downward from 204,000 to 202,000. The ADP Employment Report is a prelude to Friday's jobs number, which is expected to show 233,000 new non-farm payroll jobs added and the unemployment rate to stay steady at 5.9 percent. S&P 500 futures showed little reaction to the news.