ADP Employment Report

The ADP Employment Report showed that there were 213,000 job creations in the month of January, which was 39,000 better than expectations of 174,000. December’s reading was revised lower by 8,000 from 271,000 to 263,000. Within the report the service sector accounted for 145,000 jobs, while the goods sector added 68,000 jobs. Although not always correlated month to month, this would point to a strong BLS Jobs Report on Friday.