If you are in any way interested in precious metals, you need to see what today's video sponsor, Monetary Metals, is doing with them at the link below:
http://www.monetary-metals.com/Snider/

For a week when the labor market and its data are in the bright, blaring spotlight, it did NOT get off to a good start. Not only ADP, also ISM. Both together showed the economy continued losing momentum and vitality in May - even with tariff delays and a stock market rebound. Both ended p with some of the worst numbers for each in years.

Eurodollar University's Money & Macro Analysis

ADP May 2025
https://adpemploymentreport.com/

Bloomberg US Hiring Cools to Slowest Pace in Two Years, ADP Data Show
https://www.bloomberg.com/news/articles/2025-06-04/us-hiring-falls-to-slowest-pace-in-two-years-adp-data-show

Bloomberg US Services Activity Contracts for First Time in Nearly a Yearhttps://www.bloomberg.com/news/articles/2025-06-04/us-services-activity-contracts-for-first-time-in-nearly-a-year

CNBC Trump says ‘Too Late’ Powell must lower interest rates after weak ADP jobs report
https://www.cnbc.com/2025/06/04/trump-powell-adp-jobs.html

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

WARNING: ADP Job Numbers Revised MASSIVELY Down