It was a strong summer, with nearly 2.5 million jobs added back between May and July even as the Delta variant started to increase Covid-19 infections — but economists are now growing cautious that August may not have been as strong.
The two measures of the labor market aren't correlated — but the ADP report, which comes out first, is seen as a barometer for the jobs data later in the week. And all this is happening just as the unprecedented stimulus that helped the economy during the worst of the pandemic is coming to an end.
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