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ADP National Employment Report increased by 156,000 jobs in July
Private sector employment increased by 156,000 jobs from June to July according to the July ADP National Employment Report®.
“While we still see strength in the labor market, it has shown signs of weakening,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “A moderation in growth is expected as the labor market tightens further.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth is healthy, but steadily slowing. Small businesses are suffering the brunt of the slowdown. Hampering job growth are labor shortages, layoffs at bricks-and-mortar retailers, and fallout from weaker global trade.”
Posted: July 31, 2019 Wednesday 08:15 AM