Goldman Sachs reads the tea leaves in ADP and ISM data and cuts its forecast for Friday's labor...

|By:, SA News Editor

Goldman Sachs reads the tea leaves in ADP and ISM data and cuts its forecast for Friday's labor report to 100,000 nonfarm jobs added in May, from a previous 150,000; in particular, the ADP report's weakness "follows a streak of weaker-than-expected news on both the labor market and activity as a whole."