Tomorrow morning has two pieces of data that market participants will be watching. The first will be September's ADP Employment report at 8:15 AM ET that tracks changes in private-sector jobs, using ADP's payroll processing clients as a base. While it does draw attention, it is my opinion that it is overrated and is not a true reflection of the broader employment picture. It also is not accurate in predicting results of the monthly government report that follows a couple days later. Still, because we have seen reactions to the report, we should be watching it. Analysts are expecting it to show that 625,000 new payrolls were added. Good news for mortgage rates would be a smaller increase.