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ADP says the private sector is shrinking. That’s bad …

Pelican Press

By Pelican Press,
in World News

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ADP’s June jobs report shocked economists on Wednesday with its dismal numbers. Some economists say the data may very well diverge from the official numbers set to be published Thursday, but the report signals a private-sector slowdown nonetheless, in line with a cooling in hiring seen recently. An official contraction could cause the Fed to step in sooner rather than later with rate cuts…

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