ADP reports that nonfarm private payrolls increased by 163,000 in July, down slightly from the 172,000 jobs added in June. June’s growth was revised down slightly from an initially reported 176,000. After June’s report the Bureau of Labor Statistics reported the economy added 80,000 nonfarm jobs in June, this report would suggest a slight slowing from that pace.
Gains in employment continue to center in the service sector, which added 148,000 jobs in July, slightly less than the 151,000 the previous month. The goods producing sector added 15,000 July.
Manufacturing employment rose 6,000 in July, following upwardly revised growth of 9,000 in June. Construction employment also saw small gains in July, adding 5,000 jobs and continuing 12 consecutive months of gains.
Read ADP's release.