The private sector of the U.S. economy created 156,000 new jobs in July, ADP says. The numbers: The nation’s businesses created 156,000 private-sector jobs in July, payroll processor ADP said Wednesday, showing that companies are still willing to hire despite stiffer headwinds for the economy such as the ongoing trade spat with China. Economists polled by Econoday had forecast a gain of 155,000.
Some 112,000 private-sector jobs were added in June, according to revised figures. ADP originally put the increase at a seasonally adjusted 102,000. ADP is the country’s largest processor of paychecks for thousands of companies and millions of workers. Its report, produced with the help of Moody’s Analytics, helps evaluate the health of the U.S. labor market. What happened: Big companies added 78,000 jobs, mid-sized firms took on 67,000 new workers and small businesses hired 11,000 people. Professional and business services led the way by creating 44,000 jobs. Employment also rose by 35,000 in health care, 27,000 in transportation, 26,000 in leisure and hospitality and 15,000
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