BUSINESSMARKETWATCH
ADP says businesses add the fewest new jobs in six months. Labor market is still sluggish.
ADP reported that U.S. businesses added 44,000 new jobs in July, the smallest increase in six months. The data highlights a sluggish labor market with unusually soft hiring.
Related Signal
Adjacent reporting
- Businesses add 98,000 jobs in June, ADP says. Labor market on the mend, but it’s still not great.
- ADP says businesses create the most new jobs in 16 months. Hiring rebounds after a lull.
- ADP says businesses create the most new jobs in 15 months. Labor market might be thawing.
- US hiring slows in what economists are calling a ‘low-momentum’ labor market
- US Companies Added Fewer Jobs Than Expected in July: ADP