Sat, 5 Oct 2013
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Lackluster ADP data suggest that August's mediocre job growth likely seeped into September, too, says Morningstar's Bob Johnson.
A better-than-expected April report and two consecutive months of mediocre ADP payroll data could make for an underwhelming government employment report on Friday.
A strong ADP employment report for December may raise hopes for Friday's government employment report , but an upside surprise is not a given.
Year-over-year employment growth remained steady even after September's lackluster gains, but fundamentals don't hold much upside in the near term, says Morningstar's Bob Johnson.
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