U.S. Nonfarm employment surges by 497K in June: ADP

MG News | July 06, 2023 at 05:25 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 06, 2023 (MLN): The U.S. labor market posted another month of surprising strength in June as nonfarm employment change clocked in at a pace well above expectations, according to the latest Automatic Data Processing (ADP) data released today.

U.S ADP National employment report showed that private sector employment increased by 497,000 jobs in June as compared to just 278,000 in the previous month, and well above the analysts' expectations of 225,000.

Meanwhile, it showed that the annual pay was up 6.4%.

The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,175.51 216.20M	0.58% 984.86
ALLSHR	103,183.14 695.21M	0.63% 650.16
KSE30	51,222.50 86.05M	0.65% 329.46
KMI30	245,442.74 79.49M	0.75% 1819.66
KMIALLSHR	66,977.52 438.22M	0.75% 499.57
BKTi	46,694.47 24.99M	0.10% 46.03
OGTi	35,691.66 7.41M	1.22% 429.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,495.00	63,910.00 63,290.00	-300.00 -0.47%
BRENT CRUDE	95.36	97.44 93.93	-2.45 -2.50%
RICHARDS BAY COAL MONTHLY	122.50	122.50 122.00	-1.25 -1.01%
ROTTERDAM COAL MONTHLY	134.20	136.95 133.00	-4.80 -3.45%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	92.81	92.94 92.52	-0.23 -0.25%
SUGAR #11 WORLD	14.28	14.45 14.14	0.04 0.28%