While markets will anxiously await Friday’s U.S. government-issued non-farms payroll report, in the interim they have today’s ADP report to look forward to. The latest consensus of economists polled calls for the ADP numbers to drop to 200,000 in March from February’s 216,000, and while a decrease it is still at the psychologically important 200,000 level. The ADP report is not always an accurate predictor of the NFP, but in recent month it has, if not mirrored, at least correctly telegraphed the direction of the official government statistics. Read more
