ADP Employment
July's ADP Employment report was posted at 8:15 AM ET this morning with an announcement that only 167,000 new private sector jobs were added to the economy last month. This was a far cry from expectations of 1.8 million, giving an indication that the employment sector may be even weaker than thought. Interestingly though, June’s number was revised from up 2.36 million to 4.31 million. That means June was much stronger than previously thought while July was much softer. July’s figures should be drawing the most attention, but bonds are holding onto early losses, causing an upward move in rates.