ADP US July employment +324K vs +189K expected

<ul><li><a href="https://www.forexlive.com/news/us-june-adp-employment-497k-vs-228k-expected-20230706/" target="_blank" rel="follow">Prior </a>was +497K (revised to +455K)</li></ul><p>Details:</p><ul><li>small (less than 50 employees) +237K vs +299K prior</li><li>medium firms (500 – 499) +138K vs +183K prior</li><li>large (greater than 499 employees) -67K vs -8K prior</li><li>Job stayers 6.2% vs 6.4%</li><li>Job changers 10.2% vs 11.2%</li><li><a href="https://adp-ri-nrip-static.adp.com/artifacts/us_ner/20230802/ADP_NATIONAL_EMPLOYMENT_REPORT_Press_Release_2023_07%20FINAL.pdf?_ga=2.192817386.1166651873.1690978401-2052531778.1688645759" target="_blank" rel="nofollow">Full report</a></li></ul><p>Wow, yet another big upside surprise in ADP employment data. That doesn't necessarily mean that Friday's non-farm payrolls report will be strong but it certainly isn't an indication of a stumble in the US economy. USD/JPY jumped on the headline, rising back above 143.00 in a 20-pip rise.</p>

This article was written by Adam Button at www.forexlive.com.