US: Private sector employment rises 497,000 in June vs. 228,000 expected – by eren_fxstreet Employment UnitedStates Macroeconomics
US Dollar Index recovered above 103.00 after the upbeat data.
Assessing the findings of the report, “consumer-facing service industries had a strong June, aligning to push job creation higher than expected,” said Nela Richardson, chief economist, ADP. “But wage growth continues to ebb in these same industries, and hiring likely is cresting after a late-cycle surge.”
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