ADP Employment

ADP Employment Jul +9K vs Jun -77K Full Report

Inside the number: Headline reads unexpected rise surprises. Under the sheets...

90 day moving average of -14K suggests that the weakened employment situation continues.

Overall: Large business -32K; medium -9K; small +50K. Service +74K; small +56K; medium +20K; large -2K.

Goods producing -65K (20th consecutive decline); small -6K; medium -29K; large -30K; manufacturing -49K (23rd); construction -16K (20th)

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