The ADP Employment report is set for early Wednesday morning, which has the potential to cause some movement in the markets if it shows much stronger or weaker numbers. This report tracks changes in private-sector jobs, using ADP's payroll processing clients as a base. While it does draw attention, it is my opinion that it is overrated and is not a true reflection of the broader employment picture. It also is not accurate in predicting results of the monthly government report that usually follows a couple days later. Still, because it covers March, we could see a noticeable reaction to the results. Market participants are expecting it to show that new payrolls fell somewhere in the neighborhood of 175,000. The lower the number of jobs, the better the news it is for mortgage rates.