The ADP jobs report, which was released earlier this week, came in lower than expected.
Payroll processing group ADP said in its National Employment Report, which it compiles with Moody's Analytics, that private-sector jobs grew by 330,000 last month, the lowest since the March re-opening and notably of the Street consensus forecast of 695,000. The final reading for June was revised lower by 12,000 positions to 680,000.
And then jobless claims met estimates, coming in at 385,000 for the week ended July 31.
So, what does Kenny Polcari, managing partner at Kace Capital Advisors, expect to see from the jobs report?