*SCALPSWINGSTRADDLE*

[Zephyr]

ADP Employment Report
Released On 10/2/2013 8:15:00 AM For Sep, 2013
Prior Prior Revised Consensus Consensus Range Actual
ADP employment 176,000 159,000 180,000 160,000 to 235,000 166,000
Highlights
ADP reports a weaker-than-expected rise in private payroll growth, to 166,000 in September vs the Econoday consensus for 180,000. ADP's count for August is downwardly revised to 159,000 vs an initial reading of 176,000. The initial reading for the comparable government number in August is 152,000.

The Econoday consensus for non-farm payroll growth, at least before today's report, is 184,000 vs August's 169,000. Non-farm payroll includes government workers many of whom, of course, are now at home given the standoff over the federal budget which, if not quickly resolved, will prevent the release of Friday's report. ADP is likely to get especially close attention today with demand for Treasuries moving higher in initial reaction and the dollar lower.
Market Consensus before announcement
ADP private payroll employment for August grew 176,000, compared to July's downwardly revised rise of 198,000. The comparable BLS number for August posted a gain of 152,000.