US EditionCNBC Daily Open: Rely on the official U.S. jobs report, but consider what ADP is saying
- In June 2025, employment outside the farming sector grew by 147,000 jobs, while the unemployment rate decreased to 4.1%, surpassing expectations.
- These gains followed expectations for weaker growth after the ADP report showed a 33,000 decrease in private sector jobs earlier that week.
- Government jobs accounted for 73,000 of the June increase, marking the largest growth sector, while private sector hiring slowed to 74,000, its weakest since October.
- Economist Cory Stahle explained that although the recent increase in jobs and the unexpected drop in unemployment are positive developments, those seeking employment in fields beyond healthcare, social services, local government, and public education may find these improvements less impactful.
- These mixed results suggest ongoing shifts in the labor market, underscoring that public sector growth currently supports overall job gains despite a private sector slowdown.
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Weaker-than-expected U.S. employment data sparked a sharp shift in market sentiment, lifting rate-cut odds and sending bitcoin higher. Analysts now point to $110,348 as a critical resistance level for BTC in the short term. ADP Shock Lifts Bitcoin With $110,000 Highlighted As Next Resistance Markets were jolted on Thursday, July 3, after the U.S. ADP […]
Trust the official American job report, but consider the ADP
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Total News Sources10
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 17%
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