US unofficial payrolls jump, data revisions substantial

01 July 2020

 

Summary: Private sector adds jobs in June; less than expected but May numbers revised up by staggering amount; employment numbers up in firms of all sizes; services sector accounts for 85% of gains; official payroll report expected to provide similar rise.   The ADP National Employment Report is a monthly report which provides an estimate of US non-farm employment in the private sector. Since the report began to be published...

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