- ADP Jobs Report: +330K vs. +700K consensus and +692K prior (unrevised).
- July's 330K job gain was the weakest since February's 180K. Leisure & Hospitality jobs led the way, with 139K jobs added. Education & Health saw 64K new jobs.
- ADP chief economist Nela Richardson: "Bottlenecks in hiring continue to hold back stronger gains, particularly in light of the new Covid-19 concerns tied to viral variants. These barriers should ebb in coming months."
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Wednesday, August 4, 2021
ADP July jobs up just 330K vs. 700K expected
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