ADP: US Companies Add Healthy 219,000 Jobs in July

ADP: US Companies Add Healthy 219,000 Jobs in July

ADP: US Companies Add Healthy 219,000 Jobs in July

US businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers are still able to find the workers they need despite the low unemployment rate.

Payroll processor ADP said Wednesday that hiring was led by health care providers, hotels and restaurants, and manufacturers. July’s figure was up from 181,000 in June and is enough to lower the already-low jobless rate of 4%

Last month’s job gain comes as the economic expansion enters its 10 year, the 2nd-longest in US history. Tax cuts and greater government spending are accelerating growth.

Chief economist at Moody’s Analytics, which compiles the ADP data, said there were signs that tariffs imposed by the US and other countries have led to job cuts at large multinational firms

MAGA

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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