ADP estimates that US private employment increased at an average pace of 15k in the four weeks to July 11th, down from 16.25k in the four weeks to July 4th.

• ADP's weekly data continues to show a weaker pace of hiring as the summer goes on. This is now the 5th straight week of a slower increase in private employment.
• There were minor revisions to the last two weeks of data: June 27th from 19,250 to 19,750, July 4th from 16,500 to 16,250.