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

• Prior was +296K (revised to +291K)

Details:

• small (less than 50 employees) +116K vs +121K prior
• medium firms (500 – 499) +112K vs +122K prior
• large (greater than 499 employees) +106K vs +47K prior
• Job 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 The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term here as the report says that wage-driven inflation may be less of a concern.

"This is the second month we've seen a full percentage point decline in pay growth for job changers," said ADP's chief economist. "Pay growth is slowing substantially, and wage-driven inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term may be less of a concern for the economy despite robust hiring."