Wednesday, August 05, 2015

ADP report on job gains disappoints in July

Marketwatch reports:
Private-sector hiring decelerated in June to the slowest pace in three months , according to a report released Wednesday.

Employers added 185,000 private-sector jobs in July — below the average pace for the past six months— and below the consensus estimate from economists of 220,000.

ADP said job gains in June were also revised down, to a gain of 229,000 from the initial estimate of 237,000.
It must be the weather that's holding back the Obama recovery. Just weather.