ADP: U.S. Added 179,000 Jobs in July

The video discusses the addition of 179,000 workers in July, surpassing estimates and June's figures. Despite this, the market reaction was muted, with flat SMP features and a slight dip in the two-year yield. The discussion highlights the importance of labor force participation and earnings in supporting GDP growth, suggesting that the July jobs report may not fully correlate with future payroll data.

How many workers were added in July according to the ADP employment report?

• 180,000

• 179,000

• 172,000

• 170,000

What was the market's reaction to the employment data?

• The dollar index fell sharply

• S&P futures remained relatively flat

• The two-year yield increased

• S&P futures rose significantly

Which factor is NOT mentioned as influencing the market's reaction?

• S&P futures

• Dollar index

• Two-year yield

• Gold prices

What is considered pivotal for GDP growth according to the final section?

• Earnings

• Labor force participation rate

• Both labor force participation rate and earnings

• Neither labor force participation rate nor earnings

What is the significance of the upcoming payrolls report?

• It will predict the next quarter's GDP growth

• It will confirm the ADP employment report figures

• It will provide insights into labor force participation and earnings

• It will determine the next interest rate hike