CNBC Daily Open: Divergence between official and ADP jobs reports reveals two labor markets

Economy added more jobs in June than expected

Indian regulator temporarily bans Jane Street from market

Trump's massive bill passed by U

Amendments to Trump's bill give relief to European renewable firms

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Brandon Bell | Getty Images News | Getty Images Taken from CNBC’s Daily Open, our international — today There's a scene in the cinematic masterpiece Mean Girls in which a character writes in big bloody script: "DO NOT TRUST HER. "Apologies in advance to the good folks at ADP, who I'm sure are doing good work cessing private payrolls

But we might want to keep in mind the above warning when assessing the monthly ADP jobs report

Official labor numbers from the U

That's not just a difference in magnitude, but also of direction

The details lurking below the official jobs report, however, suggest I could be a tad unfair to the ADP report

The ADP report only measures private payrolls — which exclude government jobs. "The headline job gains and surprising dip in unemployment are undoubtedly good news, but for job seekers outside of healthcare & social assistance, local government, and public education, the gains will ly ring hollow," wrote Cory Stahle, economist at Indeed Hiring Lab

The huge divergence between the ADP and BLS reports, then, might not be that much of a statistical aberration — and could point to a growing schism in the U

What you need to know todayThe U

Economy added more jobs in June than expected

The unemployment rate also ticked down to 4

Both indexes rose Thursday to extend their streak of new closing highs

Yield on the 10-year U

On Friday, Asia-Pacific traded mixed

Indian regulator temporarily bans Jane Street from market

The Securities Exchange Board of India accused the U

Firm of widespread market manipulation, and issued an interim order to freeze millions of dollars in "illegal gains. "Trump's massive bill passed by U

The passage of the bill is a major political victory for U

President Donald Trump. [] A relief to European renewable energy firms

Amendments in Trump's bill gave renewable stocks a boost and could mean the "worst-case scenario" for the sector might not come to pass, an analyst said

Toby Melville | ReutersA year after its landslide win, Britain’s Labour Party is navigating a tougher-than-expected pathThe last 12 months have been nothing short of tumultuous for British Prime Minister Keir Starmer

The government's main mission was to kickstart growth and make people better off

But a year on, optimism, ductivity and job creation remain muted — pressured, in part, by a rise in the national living wage and employers' national insurance contributions. — Ritika Gupta Get the CNBC Daily Open report in your inbox every morning and keep up to date with the wherever you are

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