๐ข ๐๐จ๐ฆ๐ง ๐๐ก: U.S. Private Hiring Slows for Sixth Straight Week, ADP Data Shows - $QQQ $SPY $SPX
๐ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:โค U.S. private employers added an average ๐ด,๐ฎ๐ฑ๐ฌ jobs weekly.โค Private-sector hiring slowed for the ๐๐ถ๐ ๐๐ต ๐ฐ๐ผ๐ป๐๐ฒ๐ฐ๐๐๐ถ๐๐ฒ ๐๐ฒ๐ฒ๐ธ.โค Hiring declined from ๐ญ๐ญ,๐ฌ๐ฌ๐ฌ weekly jobs through July 18.โค Weekly hiring averaged ๐ฎ๐ฐ,๐ฎ๐ฑ๐ฌ jobs as recently as June 13.โค Current hiring pace is down roughly ๐ณ๐ณ% from May 9.โค NER Pulse uses a ๐ณ๐ผ๐๐ฟ-๐๐ฒ๐ฒ๐ธ moving average of employment changes.โค Estimates are ๐๐ฒ๐ฎ๐๐ผ๐ป๐ฎ๐น๐น๐ ๐ฎ๐ฑ๐ท๐๐๐๐ฒ๐ฑ and carry a two-week reporting lag.โค ADP cautions the latest employment figures remain ๐ฝ๐ฟ๐ฒ๐น๐ถ๐บ๐ถ๐ป๐ฎ๐ฟ๐.โค Next ๐ก๐๐ฅ ๐ฃ๐๐น๐๐ฒ update is scheduled for August 18.๐ ๐ช๐ต๐ ๐ง๐ต๐ถ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:โค Six consecutive declines suggest ๐จ.๐ฆ. ๐น๐ฎ๐ฏ๐ผ๐ฟ ๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ is cooling.โค Slower hiring could signal weakening momentum across the private economy.โค Continued weakness could influence expectations for ๐๐ฒ๐ฑ๐ฒ๐ฟ๐ฎ๐น ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฒ policy.โค Markets may closely watch upcoming employment data for confirmation.The copyright of this article belongs to the original author/organization.
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