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Here Comes The ADP Employment Report...

Sam RoNov 5, 2014, 18:36 IST

At 8:15 a.m. ET, we'll get the ADP employment report.

Economists estimate private payrolls increased by 212,000 in October.

"Initial jobless claims have continued to push lower over the month, supporting the labor market and job growth," Bank of America Merrill Lynch economists said. "Employment components of regional manufacturing surveys also point to greater hiring. Looking at as-reported data, ADP employment growth was weaker than BLS private payrolls in September, after running stronger in the prior 3 months."

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