ADP employment report

08/05/2020

ADP employment report

Private businesses in the US hired just 167 thousand workers in July 2020, compared with a revised 4.3 million increase in June and way below market expectations a 1.5 million rise. The labor market continued to recover from April's record slump in employment, but a resurgence in COVID-19 infections forced several states to scale back or pause the reopening of their economies, sending some workers back to unemployment.

source: tradingeconomics.com

Posted by Better Trader on 08/05/2020 at 06:08 PM in Dollar, Glogal macro, S&P 500 | Permalink

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Better Trader

08/05/2020