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Private Hiring Jumps By 104,000 In July

Photo by Ernie Journeys / Unsplash

Private sector hiring rebounded in July, with employers adding 104,000 jobs, according to data released Wednesday by payroll processor ADP. The figure surpassed economists’ expectations of 64,000 and reversed a revised June loss of 23,000 jobs.

Though slower than last year’s pace, the July number signals continued resilience in the U.S. labor market.

ADP’s chief economist Nela Richardson said the data shows a "healthy economy," driven by employers’ optimism about consumer strength.

Leisure and hospitality led all sectors with 46,000 hires, followed by financial activities (28,000), trade and transportation (18,000), and construction (15,000). Small businesses lagged, adding just 12,000 jobs.

Education and health services posted a loss of 38,000 positions. Wages grew at a 4.4% annual rate.

The report comes ahead of Friday’s key employment figures from the Bureau of Labor Statistics.

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