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ADP jobs report better than expected, but growth still slowing (Barron’s)

August 03, 2016

Private-sector employers added 179,000 jobs in July, according to the ADP National Employment. That is slightly better than what economists expected, but the report continues showing a trend of slowing job growth, Barron’s reports. In other economic news, Barron’s also reports the Institute for Supply Management announced that its nonmanufacturing index fell to a reading of 55.5 in July from 56.5 in June, near the level economists had expected.