US ADP private payrolls grew 169k in the April

United States ADP private payrolls grew just 169k in the April. With March revised down by 6k to 175k, the latest gains are the first of <200k since January last year. 

This is further evidence that some underlying weakness in the economy/labour market is emerging, even if some of the factors holding down growth prove to be transitory. 

"We stand by our bottom of consensus 180k April non-farm payrolls forecast (data due Friday)",says Westpac NZ Research.