There are cracks in the armor and the ADP Employment Report showed 150,000 jobs created last month, slightly weaker than estimates. This was true for May as well.

4th of July is tomorrow but remember the ADP report when the BLS Jobs Report comes out Friday.

The reason is BLS uses birth/death model for small businesses typically comes in hotter than the ADP report showing the only 5,000 of the 150,000 new jobs were for companies with 50 or fewer employees.

Jobless claims rose 4,000 to 238,000. These are the highest numbers since last year.

The Feds are starting to think rate cut as the data keeps streaming in. Dust off your W2s and paystubs and lets get you pre-qualified (soft credit pull).

Have a fantastic 4th of July.