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31st Aug 2016 05:30U.S., Economic Monitor

We are expecting a hefty increase in the August ADP employment number today--our forecast is 225K, above the 175K consensus --but we do not anticipate a similar official payroll number on Friday. Remember, the ADP number is based on a model which incorporates lagged official employment data, the Philly Fed's ADS Business Conditions Index, and data from firms which use ADP for payroll processing.

ADP payroll Chicago pmi employment personal incomes business sales ism oil sector mortgage

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Keywords for: 31 August. 2016 ADP Likely to Report Strong August Payrolls, But it's Unreliable

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