HomeBlogUncategorizedUS June ADP employment data +98K vs +118K expected

US June ADP employment data +98K vs +118K expected

Prior was +122K

Details:

Goods xxK versus -3K last monthService xxK versus +36K last monthSmall business xxK vs +49K priorMedium businesses xxK vs +10K last monthLarge businesses xxK vs +40K last month

Wages:

Wages for job stayers xx% vs 4.4% last monthWages for job changers xx% vs 6.5% last month

For background, the ADP National Employment Report tracks monthly changes in US private-sector employment, drawn from aggregated and anonymized payroll data covering more than 26 million employees, produced by ADP Research with the Stanford Digital Economy Lab. It lands two days ahead of the BLS nonfarm payrolls print, though the two series correlate poorly and ADP is best read as its own signal rather than a payrolls preview.

This article was written by Giuseppe Dellamotta at investinglive.com.


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