Payroll report “weak”, rate cut chances improve

05 June 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 May figures indicate private sector employment grew by 27,000, well...

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