Ahead of Friday's August jobs report from the Labor Department, ADP released its revamped private payrolls report today. The data showed private payrolls grew by just 132,000, a drop from July's total of around 270,000. ADP's Chief Economist says employers are likely slowing hiring as they try to decipher economic signals. Will ADP's retooled report help better predict the government's tally? What does it tell us about the state of the labor market? Mark Hamrick, Senior Economic Analyst at BankRate, joins Closing Bell to discuss.