ADP Report Disappoints Ahead of August Jobs Report

The video discusses the potential actions of the Federal Reserve in light of recent economic data, particularly focusing on payrolls and wage trends. It highlights the discrepancy between expected and actual payroll numbers, the slow rise in wages, and the implications for the Fed's policy. The discussion also covers how new job market entrants affect average wages and the potential for wage growth if payroll numbers slow down.

What does the speaker suggest could happen if there is a slowing in the headline payroll number?

At what time is the payroll data expected to be released?