MNI PODCAST: FedSpeak-ADP's Richardson On Slowdown In Hiring

Jun-11 15:43By: Pedro Nicolaci da Costa
Federal Reserve

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EXECUTIVE SUMMARY * ADP chief economist Nela Richardson sees a "slow grind" in the labor market as hiring weakens and employment shows a lack of dynamism. * However, the slowdown will not likely be enough to trigger Fed rate cuts this year, part...