Bonds & Rates
Home›Bonds & Rates›Economy›ADP adds 44,000 jobs in July, the fewest in six months
ADP adds 44,000 jobs in July, the fewest in six months
ADP’s July hiring count was 44,000, signaling unusually soft demand for labor and adding to concerns about a sluggish labor market.
MarketWatch reports that ADP said U.S. businesses created 44,000 new jobs in July, the smallest monthly increase in six months.
The ADP data points to softness in the labor market, with hiring described as unusually weak during the summer period.
The report frames the latest hiring figure as another sign that the broader labor backdrop is not strengthening quickly.
← Newer storyCentric and Sage sell five Atlanta senior housing communities for $14…Older story →RBI seen defending the 97 onshore rupee level in coming weeks