Hot day!
Huge beat!
Analysts were expecting 130K new jobs, but instead ADP just reported that there were 206K new private payrolls added in November.
Also the previous month was revised up from 110K to 130K.
Combine that with the big global coordinated intervention among the world's central banks, and you've got the brew for a gigantic rally today.
S&P futures are up 2.7%.
The full ADP report an be downloaded here (.pdf)
Original post: The big datapoint of the day.
At 8:15 AM ET, the ADP jobs report comes out. Analysts expect 130K new jobs, up from 110K last month.
Remember, this is just private sector payrolls, so it only pertains to that aspect of Friday's Non-Farm Payrolls report.
Still, it tends to have pretty good predictive value.
Source: http://www.businessinsider.com/adp-november-report-2011-11
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