People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease , at an Arkansas Workforce Center in Fayetteville, Arkansas, US, April 6, 2020. — Reuters pic
Hiring weakened across the board last month. Payrolls for medium-sized businesses with 50 to 499 employees fell 25,000. The ADP report is jointly developed with Moody’s Analytics. The PPP was part of a historic fiscal package worth nearly US$3 trillion that gave businesses loans that can be partially forgiven if used for employee pay. New cases of the respiratory illness have exploded, especially in the densely-populated South and West regions where authorities in hard-hit areas are closing businesses again and pausing reopenings.
A survey from the Institute for Supply Management on Monday showed a measure of factory employment contracted in July for the 12th straight month even as manufacturing activity accelerated to a 16-month high.
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