ADP Employment Report: 156,000 private sector jobs added to the economy in April

Consumer spending and economic growth are slowing and now the labor market, at least based on ADP's estimate, is softening. ADP sees private payrolls rising only 156,000 in April for what would be one of the weakest prints of the economic cycle and the lowest since 142,000 in February 2014. ADP, whose reputation as a leading indicator isn't perfect, has nevertheless been on a 4-month hot streak and today's report is certain to raise talk of trouble for Friday's employment report.