Five Things You Need to Know to Start Your Day
Jobs data due, the latest on China's regulatory crackdown and herd immunity gets harder.
Private jobs data from ADP will probably show that employers added 683,000 positions in July, a decrease from June's 692,000. The latest figures come as businesses grow increasingly desperate to hire help. As firms compete to find cooks, truck operators and other scarce workers, more employers are starting to include wage ranges in postings. Gig workers may soon find themselves in a precarious position as the Biden administration starts to wind down the first federal-level program geared toward freelancers. A new moratorium on evictions meanwhile aims to keep tenants who are in arrears from losing their homes until Oct. 3.