Jobs Week kicks off in earnest this morning. Private-sector payrolls for April from Automated Data Processing (ADP) came in slightly higher than expected — +192K, from +183K consensus estimate — though down from the upwardly revised +208K the previous month, which was the hottest read since July of last year. Off lows of late ’23 and early ’24, private-sector jobs growth looks to be warming up again; the three-month average is now higher than the previous six months.Importantly, wage growth looks to have si ...