Thursday, July 05, 2007

ADP and Services

by Bill McBride on 7/05/2007 12:30:00 PM

For what it's worth, ADP reports:

Nonfarm private employment grew 150,000 from May to June of 2007 on a seasonally adjusted basis
The BLS reports June employment numbers tomorrow.

And from MarketWatch: Services expanding at best pace in more than year
More nonmanufacturing companies in the United States were growing in June than at any time since last April, according to a survey of companies released Thursday by the Institute for Supply Management.

The ISM nonmanufacturing index rose to 60.7% from 59.7% in May.