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Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The U.S. economy added 330,000 private-sector jobs last month, a decline from the downwardly revised 680,000 jobs gained in June, according to the ADP National Employment Report released Wednesday.
U.S. stocks slipped across the board as investors weighed a slowdown in hiring as reported by ADP. The data is often viewed a precursor to the monthly jobs report due Friday. Also vexing the markets, mixed earnings results, as shares of General Motors dropped over 7%. Investors remain skeptical of the ongoing chip shortage plaguing the auto industry.
