Manufacturing Loses Most Jobs Since Election As ADP Employment Growth Weakens

After April and June’s disappointment, ADP reports the US economy added 178k jobs in July (less than the 190k expectation and below June’s upwardly revised 191k). This is somewhat in line with the 180k expectation for NFP on Friday.
Two months in a row, ADP has weakened as ISM surveys suggested employment is rolling over.

This post was published at Zero Hedge on Aug 2, 2017.