The Job Openings report showed only 8.827 million new jobs in July, down from 9.165 million in June. It’s the lowest number of job openings since March 2021.
ADP: Steep decline in job growth in August
The ADP Employment Report showed only 177,000 jobs were added in August, down from 371,000 the prior month. The ADP report is quite often a poor indicator of how the government’s employment report, which will be released Friday, may turn out — but it impacts the market nevertheless, at least temporarily.
Q2 GDP growth revised to 2.1%
Gross Domestic Product growth in the second quarter was revised to 2.1% from the 2.4% increase reported last month. The revision was primarily due to a lower level of business investment than was previously estimated.
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