ADP Private Payrolls Preview Consensus 213,000

ADP private payrolls are expected to rise 213,000 in June (consensus range 190,000 to 240,000) in Wednesday’s report, after the disappointing 179,000 increase in May.

Over the past 18 months, there have only been 5 prints above 200,000. The “as reported” ADP figures have run 29,000 per month weaker than private payrolls over the 20 months since the October 2012 methodology change by Moody’s.

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Andy Weld, CFA, is an editor and equity analyst for The Downtown Leader. If you have a great story idea for Andy Weld, you can write at [Andy.Weld@downtownleader.com ].

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