"Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count. ADP's new calculations put the monthly job creation at just 88,2000, which is down from the 162,000 the firm originally reported earlier this month." Wow! In other words, ADP's private sector job report has been drastically overstated since it stated providing the statistic. ADP will report on October's private sector job creation tomorrow, which the market already doesn't like wants coming. Then, on Friday, the Department of Labor will report on the non-farm payroll for October. The current consensus for the NFP number is approximately +123,000. However, given the revisions by ADP, my estimate is +85,000 (+/- 30,000).
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