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ADP points to stronger job growth

ADP is guessing that the change in February private sector jobs to be reported this Friday is going to be 217K. They have over-estimated the actual number for the past two months—are they going to make the same mistake again? I'm an optimist, given all the good numbers we're seeing, so I think they might even be underestimating the number this time. The market is expecting 200K new private sector jobs this Friday, and I think we could see more than that.

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