WEEKLY ECONOMIC REPORTS
ADP Employment Report
U.S. private payrolls increased moderately in August, according to the ADP National Employment report, which suggests the slowdown in the labor market as government data continues to point to strong demand for workers. Private employment rose by 132,000 jobs in August after increasing 268,000 in July, the ADP report showed on Wednesday.
“Our data suggests a recent shift toward a more conservative pace of hiring, possibly as companies try to decipher the economy’s conflicting signals,” said ADP’s chief economist Nela Richardson. “We could be at an inflection point, from super-charged job gains to something more normal.”
The ADP National Employment Report is an independent estimate of the change in U.S. private employment and pay derived from actual, anonymized payroll data of client companies served by ADP, a leading provider of human capital management solutions.
https://adpemploymentreport.com/
United States Chicago PMI Report
The Chicago PMI in the United States was at 52.2 in August of 2022, remaining relatively unchanged from the 23-month low of 52.1 hit in the prior month and broadly in line with market estimates of 52. source: Institute for Supply Management
The Chicago PMI (ISM-Chicago Business Barometer) measures the performance of the manufacturing and non-manufacturing sector in the Chicago region.
