September's ADP Employment report kicked-off today’s batch of activities at 8:15 AM ET. It showed only 89,000 new private-sector jobs were added to the economy last month, falling short of the 150,000 that was predicted. This was also a smaller number than August’s revised 180,000 new payrolls. We can label this report good news for rates because it signals the employment sector was not as strong as many had thought. However, we also cannot rely on this report to predict what Friday’s governmental Employment report will show. While taking a victory today is justified, it would be wise to remain cautious heading into Friday’s version.