Payroll report misses; July rate cut likely

03 July 2019

 

The ADP National Employment Report is published monthly by the ADP Research Institute. The report provides an estimate of US non-farm employment based in the private sector. Since the report began to be published in 2006, its total private sector non-farm employment figures have exhibited a high correlation with the Bureau of Labor Statistics (BLS) non-farm payroll figures.  The latest June figures indicate private sector employment grew by 102,000, below...

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