US private payrolls rebound in September driven by large company hiring

The ADP Employment numbers were released today showing that private companies added 200K new jobs in September. Beating the 190K estimates, this solid 200k mark was driven by large companies overcoming the impacts of a strong U.S. dollar and weak global demand. This report comes just two days before the larger nonfarm payroll and employment reports are released. Keep an eye out on Friday for further evidence of a tight labor market that warrants a rate hike. Meanwhile, the Advance Report: U.S. International Trade in Goods, a new report from U.S. Department of Commerce, showed a widening trade deficit to -$67.2 billion for August as exports dropped and imports surged.