ADP Jobs Data Supports Higher Non-Farm Payroll Gains Outlook

ADP noted that small businesses were 95,000 of the 170K; Medium businesses were 72K; Large business was only 3K… The goods producing sector was 18K; the services sector was another 152K.  This may help to maintain a positive tone for non-Farm payrolls due Friday.  Bloomberg has a consensus of 135,000 for that figure due at 8:30 AM EST on Friday morning.

It does need to be noted that the December huge number report was revised down a bit.  It was still way above what was the government figure at the time, but lower nontheless.  The December figure was revised lower to 292,000 from a prior much more aggressive 325,000 reported.