ADP Employment Report Disappoints in August; Hiring Plans Collapse Ahead of Friday’s all-important payrolls print (and revisions), this morning’s ADP employment report may see more attention as a less ‘manipulated’ data point. The headline print was expected to slow to 68k in August (from +104k in July and -23k in June) but in fact slowed further, adding just 54k jobs… Source: Bloomberg Leisure and hospitality and construction performed well despite a broader month-over-month slowdown in hiring. “The year started with strong job growth, but that momentum has been whipsawed by uncertainty,” according to Dr. Nela Richardson Chief Economist, ADP. “A variety… — Continue at ZeroHedge News : Read More
