Why that strong ADP report is a really big deal

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The ADP report came in at a super-strong 206K, well ahead of the expectations of 130k.

Also impressive was that last month’s number was revised from 110K to 130K.

While some people slag the ADP, the fact of the matter is that it’s a great predictor of the Jobs Report, which is coming out this Friday.

Here’s the chart from ADP.

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