April 2015 US ADP employment 169k vs 200k exp

• Prior 189k. Revised to 175k
• Small businesses 94k vs 108k prior
• Medium bus 70k vs 62k prior
• Large bus 5k vs 19k prior
• Manufacturing -10k vs -1k prior
• Financial 34k vs 16k prior
• Construction 23k vs 17k prior
• Goods producing -1k vs +5k prior

That puts the cat among the pigeons, and with a worse revision too.
It's not looking good for manufacturing with that 10k loss following a 1k loss last month
This is going to put the market on edge for Friday. There's still encouraging numbers within the report and we're nearer 200k than not so looking at it with a sensible head, it's not panic time just yet