U.S. Adds 219,000 Private Sector Jobs in July: ADP

Aug 01, 2018

U.S. private employers added 219,000 jobs in July, more than economists had forecast, a report by payrolls processor ADP showed on Wednesday.

Economists had expected the ADP nonfarm payrolls report to show a gain of 186,000 jobs.

Private sector jobs growth was revised to 181,000 in June from a previously reported 177,000.

“The labor market is on a roll with no signs of a slowdown in sight,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Nearly every industry posted strong gains and small business hiring picked up.”

Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending. Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”

The ADP figures come ahead of the Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists are expecting the U.S. economy to have added 193,000 jobs after adding 213,000 positions in June, while the unemployment rate is expected to tick down to 3.9%.