ADP April US employment +62K vs +115K expected

• Prior was +155K (revised to +147K)
• Goods producing +26K
• Service providing +34K

• Pay gains for job stayers 4.5% vs 4.6% prior
• Pay growth for job changers 6.9% vs 6.5% prior

This is the worst reading since July and adds a downside risk to Friday’s non-farm payrolls report.

This article was written by Adam Button at www.forexlive.com.