ADP estimates that US private sector employment increased at an average pace of 21k in the four weeks to June 20th, down from 24.25k in the four weeks to June 13th.

• The momentum in hiring continues to ease, dropping to just 21k in the latest weekly ADP Pulse print. This is the lowest pace of private sector hiring since the 2nd week of March.
• Once again, ADP posted no revisions to the Pulse dataset, but the NER release last week seemed to fix the unusual March spike.