Wednesday, August 4, 2010

The Weak ADP Employment Numbers

The private sector added only 42,000 jobs in July, ADP says.

The latest ADP report showed large businesses with 500 employees or more added no new employees and medium-size businesses hired 21,000 workers in July. Small businesses that employ fewer than 50 workers lifted payrolls by 21,000.

Service-sector jobs added 63,000 last month, while factory jobs fell by 6,000.

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