SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A Real American President: Donald Trump -- Ignore unavailable to you. Want to Upgrade?


To: Sr K who wrote (212815)7/1/2020 9:38:13 AM
From: Thehammer4 Recommendations

Recommended By
FUBHO
Honey_Bee
Old Boothby
Woody_Nickels

  Read Replies (2) | Respond to of 219595
 
seekingalpha.com
ADP jobs up 2.4M in June, May revised from big loss to 3M job gain
Jul. 1, 2020 8:15 AM ET|By: Gaurav Batavia, SA News Editor

June ADP Jobs Report: +2.369M vs. +3.5M consensus, +3.065M prior. (revised from -2.76M).

Of note is the whopping change for May, which was revised to a gain of 3.065M jobs from the initially reported loss of 2.76M. For perspective, April's job loss was just shy of 20M.

“As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses," said Ahu Yildirmaz, cohead of the ADP Research Institute.

A couple of subsectors posted major job gains in June - Leisure and hospitality up 961K, Construction up 398K, while information, mining announced cuts.

The government's nonfarm payroll data is due on Thursday morning, with economists expecting a job gain of 3M and the unemployment rate of 12.4%.