Market Insider

A warmup act for Friday's job number

Data points that could reveal a rate hike

ADP payroll data Wednesday should warm up the crowd for Friday's jobs report.

"As long as we're around 200,000, I'll be comfortable with a good number for Friday," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank.

The ADP report is not seen as an exact preview for the jobs report but it can give directional hints, and the market watches it for any big surprises. Economists expect to see 215,000 private sector payrolls, down from 237,000 last month. Meanwhile, economists expect 223,000 nonfarm payrolls in the government's employment report Friday, and that is one of the final key pieces of data the Fed will review before it September meeting.