ADP: 173,000 Jobs Added In July

By Alan with comments August 1, 2012 11:28

The payroll processing company says the July numbers exceed the predicted 125,000.  Joel Prakken of Macroeconomic Advisers says, “Today’s estimate from ADP, if re-enforced by a similar reading on employment from the BLS [Bureau of Labor Statistics] on Friday, will alleviate concerns that the economy has slipped into a downturn.”