The Market update Desk July 3rd - ADP payroll breakdown, continued weakness in job market

The Market Update Desk July 3rd
- ADP payroll breakdown...150,000 jobs vs expected 160,000. Small biz only 5k jobs (what will BLS birth/death model show??). income growth for both job stayers and job changers decline month over month. These all show continued job market slow down
- Initial jobless claims slightly higher
- continuing claims JUMP +26,000
- mortgage applications slow down. Refi now amount to 37% of market! paying off high rate debt could help your cash flow!
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[@ellenspianostudio]

Holding my breath for Fridays numbers

[@scottreilly9223]

Finally some good news for bonds and mortgages