由于工资通胀放缓，ADP就业报告创一月以来最弱水平

由于工资通胀放缓，ADP就业报告创一月以来最弱水平
ADP Employment Report Weakest Since January As Wage-Inflation Slows

原始链接: https://www.zerohedge.com/economics/adp-employment-report-weakest-january-wage-inflation-slows

ADP 7 月份就业报告令人失望，仅增加了 12.2 万个就业岗位（远低于预期的 15 万个，也低于 6 月份新增的 15.5 万个就业岗位）。资料来源：彭博社 12.2 万人的新增人数是 1 月份以来最弱的，而且就业增长的趋势并不利于更多行业出现失业……“随着工资增长放缓，劳动力市场正在与美联储减缓通胀的努力配合” ”，ADP 首席经济学家内拉·理查森 (Nela Richardson) 说道。 “如果通胀回升，那不会是因为劳动力。” 最后，值得注意的是，ADP 在过去 12 个月中连续低于 BLS 数据……来源：彭博社人们想知道哪个是“真实的”？

ADP's Employment report for July was disappointing, showing the addition of just 122k jobs (well below the 150k expected and down from the 155k added in June).

Source: Bloomberg

That 122k addition is the weakest since January and the trend in job growth is not your friend with more sectors showing job losses...

“With wage growth abating, the labor market is playing along with the Federal Reserve's effort to slow inflation,” said Nela Richardson, chief economist, ADP.

“If inflation goes back up, it won't be because of labor.”

Finally, it is worth noting that ADP has been serially below BLS data for the last 12 months...

Source: Bloomberg

One wonders which is 'real'?

由于工资通胀放缓，ADP就业报告创一月以来最弱水平 ADP Employment Report Weakest Since January As Wage-Inflation Slows

由于工资通胀放缓，ADP就业报告创一月以来最弱水平
ADP Employment Report Weakest Since January As Wage-Inflation Slows