ADP reported July private payroll gain of just 185K, well below expectation of 210K, just off the lowest levels of the year and Q1 of 2014.

ADP reported July private payroll gain of just 185K, well below expectation of 210K, just off the lowest levels of the year and Q1 of 2014.

— Peter Schiff (@PeterSchiff) August 5, 2015