Payroll Preview

Wed, Sep 1, 2021 - 9:11am

We don't usually pay too much attention to the ADP employment report that precedes the BLSBS by a few days each month. However, with so much focus and emphasis being placed upon this Friday's US jobs report, this month's ADP is worth noting.

And it was a major miss. Expectations were for something in excess of 600,000 new jobs added and, instead, the number came in at about half of that.

*ADP Aug US Private Sector Jobs +374,000

*ADP Aug US Private Sector Jobs Expected +600,000

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Key Economic Events Week of 9/13

9/13 2:00 ET Federal Budget
9/14 8:30 ET CPI
9/15 8:30 ET Import Pice Idx
9/15 8:30 ET Empire State Idx
9/15 9:15 ET Ind Prod and Cap Ute
9/16 8:30 ET Retail Sales
9/16 8:30 ET Philly Fed
9/16 10:00 ET Business Inventories
9/17 10:00 ET UMich Consumer Sentiment

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