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2025-07-30 20:19:52
[July Employment Data Revealed: Economic Signals Hidden Behind the Numbers] ⑴ The ADP report revealed structural shifts in US private sector employment data for July, revealing differentiated performance across different sectors. ⑵ Construction employment continued to grow, adding 15,000 jobs in July, accelerating from 9,000 in June, demonstrating continued resilience in the sector. ⑶ Manufacturing employment growth slowed, with only 7,000 jobs added in July, significantly lower than the 15,000 in June, indicating a degree of cooling. ⑷ The trade, transportation, and utilities sectors performed strongly, with employment increasing by 18,000 in July, up from 14,000 in June, signaling continued expansion in the services sector. ⑸ The financial services sector rebounded strongly, adding 28,000 jobs in July, reversing a decline of 14,000 in June and becoming a bright spot. ⑹ In contrast, the professional and business services sector added only 9,000 jobs in July. While this represents an improvement from the 56,000 decline in June, caution remains regarding its future trends.
