ECONODAY: ADP's data are very soft, at 189,000 in March vs the Econoday consensus of 230,000 and vs a consensus of 240,000 for private payroll growth in Friday's employment report. And ADP's data for February tracked much lower than the government's data, at a revised 214,000 vs 288,000 for the government. ADP doesn't always track well with the government's data but today's data, which are unusually soft relative to expectations, will nevertheless weigh on expectations for Friday's employment report...
