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ADP report predicts 216,000 new jobs in January

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If their report turns out to be accurate (not always a given, these numbers are often revised later) then this will be even more good news on the economy. The break even point with incoming job seekers is around 150,000 new jobs. The official government report will be released on Friday.

The pace of job creation by private employers accelerated more than expected in February, a report by a payrolls processor showed on Wednesday. The private sector added 216,000 jobs last month, the ADP National Employment Report showed, topping economists’ expectations for a gain of 208,000. January’s payrolls figures were revised up to an increase of 173,000 from 170,000.

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