ISM Services Misses Expectations, Employment Accelerates

ISM's non-manufacturing survey for June came in at 56.0.

Expectations were for the report to come in at 56.3, unchanged from last month.

The report's employment index rose 2 points to 54.4 from 52.4 in May.

New orders rose to 61.2 from 60.5, while prices fell 0.2 to 61.2.

The data comes after what has been a huge day already as the U.S. jobs report showing the economy added 288,000 in non-farm payrolls in June, blowing away expectations.

This chart from ISM shows the month-over-month changes in its non-manufacturing survey.