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(13,061 posts)

1. Those Treasury yield changes are trivial. As for jobs -- well we'll see the BLS monthly jobs report

Thu Jun 2, 2022, 11:51 AM

Jun 2022

in less than 24 hours. There's often a big difference between the ADP and the BLS in private sector jobs.

The ADP numbers cover only about 20% of the nation's private workforce.
https://www.federalreserve.gov/newsevents/speech/powell20191008a.htm

the ADP National Employment Report and ADP Small Business Report are derived from ADP payroll data representing 460,000 U.S. clients and nearly 26 million workers
https://finance.yahoo.com/news/september-2021-adp-national-employment-121500533.html

As for how the ADP estimates the other 80%, I have no idea.

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Highlight:

U.S. Treasury yields fall as data show slowest job growth in pandemic recovery [View all] mahatmakanejeeves Jun 2022 OP

Tech companies are laying of huge numbers of employees Warpy Jun 2022 #3

Links to earlier reports: mahatmakanejeeves Jun 2022 #4