June US private payrolls data from ADP:
- Prior was 978K (revised to 886K)
Details
- Small businesses 215K vs 333K prior
- Midsized 236K vs 338K prior
- Larger 240K vs 308K prior
- Goods sector 68K vs 128K prior
- Service sector 624K vs 850K prior
That's a solid reading but the correlation between this report and non-farm payrolls has been effectively nil since the pandemic. The dollar is little moved on the list.
