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

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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

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