ADP Misses Mark, But Employment Data Strong Enough To Move Rates
After ADP had traders questioning the 120,000 non-farm payrolls estimate yesterday, the Bureau of Labor and Statistics reported this morning that 132,000 jobs were created in June. Like in every month, though, the bigger NFP story is what revisions were made to months prior. May revised 33,000 jobs higher to 190,000 (21.02% revision) April revised 42,000 jobs higher to 122,000 (52.50% revision) Through six months this year, new jobs are being created at the clip of 145,000 new jobs monthly….
Original post by Dan Green