From ADP: ADP National Employment Report: Private Sector Employment Increased by 104,000 Jobs in July; Annual Pay was Up 4.4%
“Our hiring and pay data are broadly indicative of a healthy economy,” said Dr. Nela Richardson, chief economist, ADP. “Employers have grown more optimistic that consumers, the backbone of the economy,
will remain resilient.”
emphasis added
This was above the consensus forecast of 75,000 jobs added. The BLS report will be released Friday, and the consensus is for 118,000 non-farm payroll jobs added in July.
