Pushing the USD up.US headlines:
Private payrolls rise 692,000 in June, easily topping expectations
U.S. private payrolls surprise with more jobs in June
U.S. private payrolls increase solidly; pending home sales rebound
And the USD rises. On the other hand, Agence-France Presse’s headline:
US private hiring slows in June to 692,000: ADP
“Private US firms added 692,000 jobs in June, a sharp decline from May, according to payroll services firm ADP, but the result was far more than economists expected.
The vast majority of positions were in the dominant services sector, while construction firms gained 47,000 and manufacturing just 19,000, the report said.
And the data reflected the continuing recovery of sectors hardest hit by the Covid-19 pandemic shutdowns, with nearly half the gains -- 332,000 -- in leisure and hospitality.
"The labor market recovery remains robust, with June closing out a strong second quarter of jobs growth," ADP chief economist Nela Richardson said.
"While payrolls are still nearly seven million short of pre-COVID19 levels, job gains have totaled about three million since the beginning of 2021."
Economists projected a gain of just 400,000 private sector jobs in the month, following the increase of 886,000 in May.”
https://au.news.yahoo.com/us-private-hiring-slows-june-122743596.html
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