ADP: Private Employment increased 156,000 in July

From ADP: Private sector employment increased by 156,000 jobs from June to July according to the July ADP National Employment Report®. ... The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. ... "While we still see strength in the labor market, it has shown signs of weakening," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "A moderation in growth is expected as the labor market tightens further." Mark Zandi, chief economist of Moody's Analytics, said,......(read more)

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