“Private sector employment shed 33,000 jobs in June and annual pay was up 4.4 percent year-over-year, according to the June ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab (‘Stanford Lab’). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million US employees,” says ADP in a Wednesday press release. Per CNBC, analysts had forecast 100,000 new jobs.
Sooooooooo… Yeah not great. They did miss pretty badly in May, so who knows.
What is great however is batshit idiot Maria Bartiromo changing the subject as she watched the forecast come in during the middle of an interview with North Dakota Senator Kevin Cramer, lol.