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HERE COMES THE ADP JOBS REPORT...

Dec 4, 2013, 18:35 IST

REUTERS/Beck DiefenbachEmployment program representative Mark Robbins (L) explains unemployment insurance payments to a client at the Employment Development Department of California service office in San Francisco, January 6, 2012.At 8:15 a.m. ET, we'll get the November ADP national employment report, an important preview of Friday's jobs report.

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Economists expect the survey to reveal that 170,000 net new private payrolls were added in November, up from 130,000 in October.

"The ADP report has displayed improved accuracy since Moody's replaced Macroeconomic Advisers as the compiler of the data just over a year ago, although October's relatively large 82K miss keeps alive the possibility that the improvement has been due to luck as much as improved methodology," noted High Frequency Economics' Jim O'Sullivan.

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