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US ADP May employment +278K vs +170K expected

Prior was +296K (revised to +291K)Details:small (less than 50 employees) +116K vs +121K priormedium firms (500 – 499) +112K vs +122K priorlarge (greater than 499 employees) +106K vs +47K priorJob stayers 6.5% vs 6.7%Job changers 12.1% vs 13.2%The previous number was the best since June 2022 and this is only a slight dip. The US dollar is stronger across the board but there's a small silver lining for the Fed here as the report says that wage-driven inflation may be less of a concern."This is the... Read More

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Employment

278k

170k

Expected

Forex

Posted: Jun 1 2023, 12:15

Author Name: forexlive

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