USA ADP Nonfarm Employment Change For July 122K Vs 147K Est.; 155K Prior
Portfolio Pulse from Benzinga Newsdesk
The USA ADP Nonfarm Employment Change for July came in at 122K, which is below the estimated 147K and the prior 155K. This indicates a slowdown in job growth.
July 31, 2024 | 12:17 pm
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The ADP Nonfarm Employment Change for July was reported at 122K, missing the estimate of 147K and the prior 155K. This could indicate a slowdown in economic growth, potentially impacting the SPY ETF.
The lower-than-expected ADP Nonfarm Employment Change suggests a slowdown in job growth, which could lead to concerns about economic growth. This may negatively impact the SPY ETF in the short term.
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