(Reuters) - ADP Employer Services, whose employment report was jointly developed with Macroeconomic Advisers LLC, said U.S. private employers likely added 64,000 jobs in April, down from a revised 98,000 in March. Analysts had been looking for an April reading of 100,000. For details see [ID:nNAT002668].
"The market is reacting somewhat bullishly," said James Caron, co-head of global rates research at Morgan Stanley in New York. "I wouldn't be surprised if the payrolls numbers come in on the weaker side, but the last two reports came in on the upside."
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