Payroll processor ADP released a report on Wednesday showing private sector employment increased by much less than expected in the month of July.ADP said private sector employment rose by 330,000 jobs in July after surging by a downwardly revised 680,000 jobs in June.Economists had expected private sector employment to spike by 695,000 jobs compared to the jump of 692,000 jobs originally reported ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.