ADP reports only 167K private sector jobs added in July, way below the 1.2 million expected

The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday.

That total was well below the 1 million expected from economists surveyed by Dow Jones and represented a tumble from the 4.314 million created in June, according to the report, which is prepared in conjunction with Moody’s Analytics.

www.cnbc.com/2020/08/05/adp-private-payroll-growth-at-167000-in-july-well-below-expectations.html

Markets are still powering ahead and not even flinching. Do you guys think this will have any effect?

 

 

h/t  LinuxF4n