ADP Suggests a Perhaps Bigger Disappointment for Friday's Employment Report than the Disappointment Already Expected

The Wednesday before the every month’s BLS Employment Situation Report is ADP day.

ADP employment numbers encompass estimates of private sector job growth every month.

This Wednesday’s figure came in at +169K for the month of April, a 6K drop from the 175K of March.

April’s weaker-than-expected job growth number challenges the presumption among many Wall Street analysts that the second quarter of 2015 will be much better than the first.

What does today’s ADP figure portend for Friday’s hugely important BLS release?

ADP Job Growth Versus BLS Job Growth

Here’s a look at the month-over-month gain in employment as reported by ADP compared...