ADP National employment data for June 150K versus 160K estimate

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  • Prior month 152K revised higher to 157K
  • goods +14 K
  • services it was 138K
  • small firms +5K
  • median +88K
  • large companies +58K
  • leisure and hospitality 63K
  • construction 27K
  • professional and business services +25K
  • trade and transportation/utilities +15K
  • natural resources/mining -8K
  • The median wage for job stayers came in at 4.9% YoY versus 5.0% last month. For job changers, the wages rose 7.7% versus 7.8% last month.

Note that the estimate for us non-farm payroll data on Friday at 8:30 AM ET is for 190K. The UN year average hourly earnings is expected to decline to 3.9% versus 4.1% last month.

US yields remain mixed with the shorter end higher and the longer end lower:

  • 2-year yield 4.764%, +2.5 basis points
  • 10 year yield 4.423%, -1.2 basis points
  • 30-year yield 4.582% -2.7 basis points

S&P futures are implying a decline of -4 points. NASDAQ features are implying a decline of -16 points and the Dow Industrial Average average is implying a decline of -8.85 points.

This article was written by Greg Michalowski at www.forexlive.com.



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