ADP employment report for April 2019
- The ADP employment report of April showed a rise of 275K versus 180K estimate
- The March reading was revised higher to 151K from 129K
- goods jobs +52K
- Services jobs +223K
- the non farm payroll estimate for Friday is at 190K
- small firms (less than 50 employees) +77K
- medium firms (50-499 employees) +145K
- large fims >499 employees) +53K
The numbers of much stronger than expectations. However in the unusual twist, Mark Zandi from Moody's Analytic who publishes the data for ADP is discounting their own report and gain as being biased higher this month. UGH
