ADP reported a 15,000 private-sector employment change for the week ending July 4, 2026, below the consensus forecast of 16,500. The monthly report for June showed 98,000 jobs added, down from 122,000 in May and well below the approximately 113,000 economists had penciled in. The four-week moving average stands at 16,500 weekly additions, confirming the gradual cooling of the labor market. The dollar weakened and risk assets including Bitcoin could benefit from this trend if it prompts the Fed to ease its monetary policy.
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