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ADP National Employment Report increased by 219,000 jobs in July
Private sector employment increased by 219,000 jobs from June to July according to the July ADP National Employment Report®.
“The labor market is on a roll with no signs of a slowdown in sight,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Nearly every industry posted strong gains and small business hiring picked up.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending. Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”
Posted: August 1, 2018 Wednesday 08:15 AM