What does it mean when the ADP jobs report actually shows a reduction and loss of jobs for the month? Not much, actually, and the cynic in me wonders if the ADP report simply sends the BLS clerks scurrying to edit their own report for tomorrow.
That’s the big news of the day, right? The monthly ADP report actually printed a LOSS of 33,000 jobs in June, with almost all of the losses coming from the service sector. It was a dreadful report and you can read all about it in this link from ZH:…