![ADP employment survey](https://images.forexlive.com/images/ADP%20employment%20survey_id_104cf352-77ef-43c5-92ab-4b03e77753c8_original.jpg)
- Prior was +164K (revised to +158K)
The median change in annual pay:
- Job stayers 5.2% versus 5.4% last month
- Job changers 7.2% versus 8.0% last month
I'm not sure anyone wants to bet the farm on ADP but if you take the last five months, there's a clear weakening trend to around 100K.
Comment from ADP chief economist Nela Richardson:
"Progress on inflation has brightened the economic picture despite a slowdown in hiring and pay. Wages adjusted for inflation have improved over the past six months, and the economy looks like it's headed toward a soft landing in the US and globally."
The US dollar edged lower on the data but it's tough to really push it given the FOMC later.
![ADP establishment](https://images.forexlive.com/images/ADP%20establishment_id_d73a8918-52ab-4405-8fa1-33cf68550848_original.jpg)