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ADP JOBS REPORT BEATS ESTIMATES AT 198K

Joe WeisenthalMar 6, 2013, 18:44 IST

Camenzind EvolutionThe ADP jobs report is out, and it's a beat.

198K new jobs was ahead of the Bloomberg consensus of 172K.

Also there was a strong upward revision to last month. It went from 192 to 215K.

This is a report that attempts to capture the private sector side of the official non-farm payrolls report.

The full report can be found here.

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The first big datapoint of JOBS WEEK is today.

We get the ADP jobs report at 8:15 AM ET.

Analyst expect a reading of 172K, down from 190K last month.

Remember, this only captures private sector payrolls.

We'll have the number here LIVE.