So Friday we supposedly have another BBE (Big Bad Event). Big Deal.
ADP has missed forecasts by about 137,000 in 3 out of the last 4 months --so that being the case--you could say that the jobs number Friday (since ADP showed 42,000 this morning) could be closer to 180,000 jobs. Now I know that is terribly pollyanish, but let me throw that out there.
Now wage and salary growth sucks (less than 1%)--but last quarter tax receipts grew 4.5%.