National report on ADP Employment reported that number of workplaces in the US in January decreased, but not as much as expected.
In fact, this indicator was 205 thousand of workplaces to a seasonally adjusted. For comparison, last month the indicator released at 267 ths (revised indicator). The forecast was decrease to 195 thous workplaces.
Indicators of ADP - are important preliminary data that can help predict the official data in the non-agricultural sector (Nonfarm payrolls). Traders are usually listening to this indicator, since it is directly related to the amount of further Fed rate increase.