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U.S. Private Sector Adds 167,000 Jobs in July: ADP

Published 08/05/2020, 08:13 AM
Updated 08/05/2020, 08:19 AM

By Noreen Burke

Investing.com -- The U.S. private sector added 167,000 jobs in July, according to a report by payrolls processor ADP, slowing sharply from the prior month as the resurgence in Covid-19 cases halted the reopening of businesses in a number of states.

Analysts polled by Investing.com had expected the private sector to have added 1.5 million jobs last month.

“The labor market recovery slowed in the month of July,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “We have seen the slowdown impact businesses across all sizes and sectors.”

June’s figure was revised to show job gains of 4.314 million from the gain of 2.369 million that was initially reported.

The ADP numbers come ahead of the Labor Department's weekly report on initial jobless claims on Thursday and its nonfarm payrolls report for July on Friday.

Last week’s initial jobless claims figures showed a second straight weekly increase in initial applications, together with the biggest increase in continuing claims since May, which could foreshadow a negative nonfarm payrolls number for August.

“Both initial and continuing unemployment claims have picked up in recent weeks, which could show up as a decline in employment during August if the trend persists,” said Diane Swonk, Chief Economist at Grant Thornton.

Friday’s data is expected to show that 1.65 million jobs were added last month, slowing from 4.8 million in June. The report covers the period through mid-July, before containment measures were reintroduced in some states in the second half of the month.

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Latest comments

Adp processes about 15% pay checks. If they write x# more checks, they multiply that # by 85%. Is it 100% accurate? No. But it is close.
Adp is a private payroll company. It has nothing to do w gov numbers. If u r saying gov this, gov that, u r just s.tu.pid or ha.tred blinds u.
ADP is hugely representative of the service & retail sectors which account for 70% of US employment.
The DOW broke through it's resistance today. Tomorrow, it's headed back to 25,000 or heading to the moon. It's going to be an interesting day!!
Remember, this is not a recession. It is much worse - worse than the GREAT DEPRESSION OF 1930. Above all, the Feds's GREAT MISTAKE of PUMPING the the STOCK MARKETS will leave little money in the hands of those who will need it most. Period.
one second - how tf does the person compiling these numbers still have a job if they missed June report by over 2m jobs??? plain and simple market manipulation either at the front end with false reporting, or at the back end with false revisions to pump the numbers. This is the type of thing that really needs to be investigated. Obviously it's the only reason the market keeps going higher.
Few months before Trump's  election he cannot afford a jobless growth with the corona pandemic.ADP is underreporting and tommorow NFP payrolls beat estimates and the stock market booms.Trump will stoop to any level to win,ADP is casualty.
The number that matters is permanent job losses. That tells us about structural change.
reality and fact sometimes take time to matter, but they will sooner or later
Numbers were 8-9x WORSE THAN ESTIMATES!!! We are officially in a great depression. GG, America.
No, its that the ANALYSTS were wrong. The jobs didn’t miss, the analysts did in their estimates. Analysts usually miss in their estimates. The markets ans jobs are what they are. They are facts that sre reported. Analysts give estimates, not facts. Estimates are guesses. Facts are facts.
ya and mkt still up. this one really cannot convince me to long. too huge difference.
How do we know if the numbers are not fudge?
they ARE fudged. obviously they are if the June numbers missed by about 100% (or were mysteriously corrected to be twice as much). complete lies.
they are fudging and reporting less
The shock and awe period of this recession is over, now comes the extended war many of the lost jobs will never come back and profits will be hurt until 2023.
communist is anyone who defends the government to interfere in the economy
Thank You!!
Wow! This is a hot topic! Sorry, either way we're still screwed!!
Fake positive news get factored, negative news are presented as good, smart money is leaving, stupid money is buying...another great transfer is wealth: first from the taxpayers and now from the Robinhood who sooner or later will move to economic adulthood.
Indeed, this is awful news presented as if it is great news...
Look, last month it was 2,369K. Now they say it was 4314k after all, while saying the actual is 167k. My guess is that the actual number is around 1945k. They corrected last month's just now, making a forecast that was below expectations become above expectations, while the market reacted to the negative news then. Same thing is being done here. 2 negative results twice in row because they can't stand that the market is recovering and Trump's effort on jobs is working. Next month this 167k will be corrected to show having beaten forecasts, as it just happened right now with last month's correction. Fake reporting.
Incredible how the headline tries to impose this as good news.
previous 4314k? last month was 2369k. then actual now 167k? 🤔
IKR. Untrusted report.
"June’s figure was revised to show job gains of 4.314 million from the gain of 2.369 million that was initially reported." Fantastic manipulation. That makes previous figures positive (green) instead of negative (red, not having surpassed expectations). And the whole market reacted to that while it was a fake reporting. Next months they will be saying the 167k ended up being 2.000k instead. Just look at it, it's being done right in our faces.
thank you. exactly. time to exit the markets is now.
Stop writing the head line as if was a good news when it's not.
but robin hoot traders dont care about this index.because they cant read the index. lol
Because... Math
Expected 1.5 Million additions. Actual is 0.167 Million additions. Way too low. It's negative. A big negative! What's gonna be the Weekly report tomorrow and Monthly on Friday!
sorry wrong reply, wanted to reply to another dude
Did you count it correctly? Projection was 1.5 Million = 1,500,000. Actual is 167,000. Which one is better? Projection or actual?
OK. Sorry about my response.
"A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD." Why is 167k shown in red while having surpassed the 1.500 forecast mark by a huge lot ?
Because... Math
Bearish news for usd = buy, bullish news for usd = sell. Other ways you will buy on top and sell on the bottom
Kelly, I will help you. The 1,500k is 1.5 Million. They are expressing the numbers in “k” which is thousands. Thats why yoi get 167k or 167 thousands. The comma takes it to the next unit, millions so 1,500k is 1.5 Million people so the 167k is WAAYYYY lower than the analyst expectstions of 1.5 million. Do you understand now?
Why work when you have free money?
Kinda funny how the stock market is treating the news & data as if they do not even exist :)
Hot money is attempting to crush US, retail investors are in boat.
That's simple, good news get factored, bad news are ignored (if not, market reacts -0.1%)
Oh no!
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