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  • US: ADP National Employment Report: Private Sector Employment Increased by 278,000 Jobs in May; Annual Pay was Up 6.5%

    From prnewswire.com

    Private sector employment increased by 278,000 jobs in May and annual pay was up 6.5 percent year-over-year, according to the May ADP® National Employment Report™ produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market. The report details the current month's total private employment change, and weekly job data from the previous month. ADP's pay measure uniquely captures ... (full story)

Added at 8:19am

Added at 8:19am

  • Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

    From cnbc.com

    The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations, according to a report Thursday from payroll processing firm ADP. Private sector employment increased by a seasonally adjusted 278,000 for the month, ahead of the Dow Jones estimate for 180,000 and a bit lower than the downwardly revised 291,000 in April. May’s increase took the payroll growth so far in 2023 to 1.09 million. The ADP report noted that the distribution of job grains was “fragmented” for the month, as increases were concentrated in leisure and hospitality, which added ... (full story)

ADP Non-Farm Employment Data Positive Means NFP data negative!

So tomorrow USD short anticipated
Quoting Analyst007
ADP Non-Farm Employment Data Positive Means NFP data negative! So tomorrow USD short anticipated
just take the benefits of the positive data for now
Quoting Ftmofx
Everything is in disfavor of the USD. Gold will get benefit for this recent isuues.
or follow price action where ever it takes you and for now EU, Gu seem to be retracing back from previous downfall
Definitely do not trade based on FF comments section Just look at what is happening across the US, then with its key trade negotiations and trade partners, and with its officials in Central roles.
Break the cake
Summary: lagging data suggests the economy is still running hot.
Nice one fed....
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