The ADP report surprised markets in a big way to the upside, showing 497,000 private-sector jobs added in June, more than double the consensus forecast for 220,000. The data overshadowed a report by the Labor Department that showed modest labor market weakness, with first-time filings for jobless claims rising 248,000 last week, ahead of the forecast for 245,000.
Source: https://www.coindesk.com/markets/2023/07/06/bitcoin-retreats-to-306k-as-blowout-adp-report-strengthens-fed-rate-hike-bets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines