🚨 🇺🇸 US HIRING SLOWS AGAIN AS ADP WEEKLY DATA SHIFTS THE FED TRADE ADP’s NER Pulse shows private hiring slowed for a third straight week to a 29,000 four-week average, the weakest since late March. That contrasts with May’s monthly ADP gain of 122,000 jobs and puts solana:J3NKxxXZcnNiMjKw9hYb2K4LUxgwB6t1FtPtQVsv3KFr , $SPY and $QQQ back on labor-watch mode. The street-level job engine is cooling while the headline report still looks strong. That split matters before CPI because wage pressure sets the rate story. Stocks gain when softer jobs pull yields lower. Equities fall when CPI stays hot and kills rate-cut confidence.