Details of the April 20106 US ADP employment report 4 May 2016

  • Prior 200.1k. Revised to 194k

  • Small bus 93k vs 86k prior
  • Med bus 39k vs 52k prior
  • Large bus 24k vs 39k prior
  • Service providing jobs 166k vs 191k prior
  • Goods producing jobs -11k vs 9k prior
  • Construction 14k vs 17K prior
  • Manufacturing -13k vs 3K prior
  • Professional and business services 27k vs 28K prior
  • Trade/transit/utilities 25k vs 42K prior
  • Financials4 k vs 14k prior

While I await the details, it's not a huge miss but the softer number is going to have people revising down the NFP tomorrow. That's currently expected around the 200k mark.

The dollar has turned lower to 106.37 from around 106.58.

A big drop in manufacturing but services continue to see decent gains.

ADP employment