ADP data showed hiring averaged 15,000 jobs per week in the four weeks ending July 11, marking a fifth straight weekly deceleration and less than half the early May pace.
U.S. private-sector hiring slowed sharply, with ADP data showing an average of 15,000 jobs added per week in the four weeks ending July 11. That marked a fifth consecutive weekly deceleration and was less than half the 35,750 weekly pace seen in early May, pointing to a notable loss of momentum in private payroll growth.