US July ADP employment 330K vs 695K estimate

July US private payroll data from ADP

Prior report was 692K (revised to 680K)
The ADP rose 330K vs 695K

Details:

Small businesses 90 1K
Midsized 132K
Larger 106K
Goods sector 12K
Service sector 318K
leisure and hospitality plus 139K
education and health services +64K
professional/business services +54K
trade/transportation/utilities +36K
financial activities +9K

The BLS report will be released on Friday with expectations of 870K. Last month the BLS report showed Non Farm Payroll rose 850K. This is not a good precursor to that report on Friday. If it falls through to the BLS report, that may lessen the taper talk at the Fed.

Fed's Clarida will speak at 10 AM Et. The market will in interested in what he has to say with regard to the economic rebound, inflation and of course the tapering topic.

To view the full report from ADP, CLICK HERE .

Infograph of the ADP Employment report for July CLICK HERE

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