ADP and claims data show US employment progress

We got reads from two US jobs data series this morning. And both showed continued forward progress. To me, this speaks to the potential for tapering of the Fed's large scale asset purchase program in the Fall.

We got the ADP private payroll number first. And that came in at 978,000 jobs added vs the 650,000 that were expected. Macro Strategist George Pea…

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