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Hiring by U.S. private employers slowed in June, according to data released Thursday by ADP. The report showed 158,000 new positions created, compared to 230,000 new positions created in May. Professional and business services led the way, with 69,000 new jobs created.

ADP Research Institute

Why it matters to the White House: The numbers fell short of expectations, particularly in Trump-promoted sectors like manufacturing (only up 6,000) and natural resources/mining (down 2,000).

Why it doesn't matter to the White House: ADP reports generally get forgotten 24 hours later, when monthly jobs data is released by the U.S. Department of Labor. That has been particularly true in 2017, when the two reports have experienced unusually wide divergences -- with ADP generally coming in much higher than does that official government figure. Just take a look at the last three months of ADP figures vs. the Department of Labor's initial Bureau of Labor Statistics figures:

  • May ADP: +253,000
  • May BLS: +138,000
  • April ADP: +177,000
  • April BLS: +211,000
  • March ADP: +263,000
  • March BLS: +98,000

Go deeper

Bipartisan group of senators unveil $908 billion COVID stimulus proposal

Sens. Joe Manchin (D-W.Va.) and Susan Collins (R-Maine) in the Capitol in 2018. Photo: Tom Williams/CQ Roll Call

A bipartisan group of senators on Tuesday proposed a $908 billion coronavirus stimulus package, in one of the few concrete steps toward COVID relief made by Congress in several months.

Why it matters: Recent data shows that the economic recovery is floundering as coronavirus cases surge and hospitals threaten to be overwhelmed heading into what is likely to be a grim winter.

Inside Patch's new local newsletter platform

Illustration: Annelise Capossela/Axios

Patch, the hyperlocal (and profitable) local digital news company, has built a new software platform called "Patch Labs" that lets local news reporters publish their own newsletters and websites, sources tell Axios.

Why it matters: It follows a growing trend of journalists going solo via newsletters at the national level.

Scoop: Politico stars plot new Playbook

Anna Palmer and Jake Sherman. Photo: Alex Wong/Getty Images

Three of Politico’s biggest reporting stars plan to launch a competitor to the company’s Politico Playbook franchise, sources tell me. 

Why it matters:  Jake Sherman, Anna Palmer and John Bresnahan will launch a daily newsletter in 2021 as a stand-alone company, the sources say. In effect, they will be competing against the Playbook franchise they helped create and grow.