This months ADP report shows a month on month slow down in the the growth of private payroll.   This months number was 179,000 which was down from March’s 207,000.  Traders should keep a close eye on Friday’s employment report to get a better read on the over all job sentiment;  Friday’s report may be disappointing as a result of this months slowing; however it was still 179k increase.

 

 

Prior Actual
ADP employment 201,000 179,000

 

[Chart]

Data Source: Haver Analytics

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