Private nonfarm payrolls in the US are projected to increase by 234,000 (seasonally adjusted) in tomorrow’s January release of the ADP Employment Report, based on the The Capital Spectator’s median econometric point forecast. The projected gain is slightly below the previously reported increase of 238,000 for December. Meanwhile, The Capital Spectator’s median projection for January is substantially above a pair of consensus forecasts based on surveys of economists.
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