June private payrolls rose 2.37 million and there was a big positive revision for May, ADP says

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Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surveyed by Dow Jones, according to a report Wednesday from ADP and Moody’s Analytics.

Nearly half the U.S. population is without a job, showing how far the labor recovery has to go

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“To get the employment-to-population ratio back to where it was at its peak in 2000 we need to create 30 million jobs,” said Torsten Slok, Deutsche Bank’s chief economist.

Pending home sales spike a record 44.3% in May, as homebuyers rush back into the market

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Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That beat expectations of a 15% rise. Sales were still 5.1% lower compared with May 2019.