The ADP Employment Change showed 177,000 jobs were added in August (consensus 195,000) following a revised count of 371,000 in July (from 324,000).
Q2 GDP increased at an annual rate of 2.1% in the second estimate (consensus 2.4%), down from 2.4% in the preliminary estimate. The Q2 GDP Price Deflator dropped to 2.0% in the second estimate from 2.2% in the preliminary estimate.
The goods trade deficit widened to $91.2 billion in the advance report for July from a revised deficit of $88.8 billion (from $87.8 billion).
Retail inventories rose by 0.3% in the advance report for July from a revised 0.5% in the prior reading (from 0.7%).
Wholesale inventories fell 0.1% in advance report for July from a revised 0.7% decline in the prior reading (from 0.3%).