Daily Three: Job Data Posts Beats In Both Private Sector Growth and Initial Jobless Claims, While U.K. Financial Services Work Toward Their EU Access
- Private sector jobs in June grew more than expected, rising 172,000 vs economic consensus of 159,000, with a big bump in small business employees. CNBC
- Initial jobless claims fell to 254,000 seasonally adjusted from 270,000 just a week prior adding to the strong labor market data post May jobs report. The Wall Street Journal
- A draft toward a new Markets in Financial Instruments Directive (MIFID) for banks from non-EU member states could save the U.K. from an exodus of banking talent if they leave the EU. CNBC