National Bank of Geogia

A Negative U.S. Jobs Surprise and Global Covid Cases Climbs Above 200 million Threshold

August 4, 2021

Wednesday brought two pieces of discouraging news. ADP’s 330k monthly estimate of private U.S. employment growth in July was only about half as much as forecasters were anticipating, down from a 2Q average of 729k per month, and the lowest increase since February. Fed officials have made clear that labor market trends will exert very […] More

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