Private-sector payrolls rose 223,000 in June, a touch less than expected, based on Econoday.com’s consensus forecast. That’s a respectable gain, but it’s well below the previous month’s 250,000 advance, which was revised lower in today’s release. On its face, the latest results continue to paint an upbeat profile, but the numbers come with caveats, including the mild but ongoing deceleration in the year-over-year increase.
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● US private-sector job growth accelerated in June via ADP’s estimate…
● As US factory activity rose to a 5-month high in June…
● US construction spending reached a post-recession high in May…
● While mortgage applications in the US fell 4.7% last week…
● Global manufacturing growth eased closer to a 2-year low in June…
● And the Greek crisis lingers as uncertainty and confusion reign supreme with no resolution in sight.