ADP estimates that US private employment increased at an average pace of 19.75k in the four weeks to June 27th, down from an average pace of 21k in the four weeks to June 20th.

• Private employment growth took another step down in the latest ADP Pulse print, as the pace of growth fell below 20k for the first time since mid-March. Still, at the current pace, job growth is at the upper range of the weaker 2025 months.
• No revisions to past data.