Market Insider

Employment data is on the way, but will it matter?

On Wednesday, Wall Street just might get back to paying attention to U.S. economic reports. That's unless the situation in the Ukraine flares, or less-than-expected numbers are again disregarded as being a result of an exceptionally harsh winter in much of the country.

The ADP employment report for February is due at 8:15 a.m. ET and comes two days ahead of the government's nonfarm payrolls report.

The ADP report "gives a little hint—but not always a good hint—of what the jobs report might look like on Friday," said Jeffrey Kleintop, chief market strategist at LPL Financial.

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