ECONODAY: Friday's employment report will be a flop, based on ADP's estimate for private payrolls which it sees rising only 185,000. This compares with Econoday expectations for 210,000 and is below the low estimate for 190,000. For comparison, the consensus for Friday's private payrolls is also 210,000. ADP has a spotty record but these results may be weak enough to lower expectations for Friday's report...
