U.S. Economic News
July 31, 2019
U.S. Economic Indicators
The ADP Employment Report shows that private-sector employment increased by 156,000 jobs in July, in line with expectations of 155,000. The services sector added 146,000 jobs, while the goods-producing sector added 9,000 jobs. ADP Report
U.S. News
According to the Wall Street Journal, the lack of significant progress in trade negotiations between the U.S. and China is partly the result of Beijing’s strategy of patiently waiting for better terms rather than hurrying into a deal. China’s willingness to agree to key U.S. demands will depend largely on the success of Beijing’s attempts to stimulate the domestic economy and prevent China’s slowdown from worsening. WSJ
Paul Hannon reports for the Wall Street Journal that weak second-quarter E.U. growth is a fresh indication of faltering momentum in the global economy, as the manufacturing sector grapples with persistent trade tensions and faltering global demand. The U.S. Federal Reserve is one of a number of central banks around the world easing or considering easing monetary policy in response to economic weakness abroad. WSJ