WARNING: ADP Job Numbers Revised MASSIVELY Down
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WARNING: ADP Job Numbers Revised MASSIVELY Down
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About this listen
If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below:
http://www.monetary-metals.com/Snider/
For a week when the labor market and its data are in the bright, blaring spotlight, it did NOT get off to a good start. Not only ADP, also ISM. Both together showed the economy continued losing momentum and vitality in May - even with tariff delays and a stock market rebound. Both ended p with some of the worst numbers for each in years.
Eurodollar University's Money & Macro Analysis
ADP May 2025
https://adpemploymentreport.com/
Bloomberg US Hiring Cools to Slowest Pace in Two Years, ADP Data Show
https://www.bloomberg.com/news/articles/2025-06-04/us-hiring-falls-to-slowest-pace-in-two-years-adp-data-show
Bloomberg US Services Activity Contracts for First Time in Nearly a Yearhttps://www.bloomberg.com/news/articles/2025-06-04/us-services-activity-contracts-for-first-time-in-nearly-a-year
CNBC Trump says ‘Too Late’ Powell must lower interest rates after weak ADP jobs report
https://www.cnbc.com/2025/06/04/trump-powell-adp-jobs.html
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU