ADP Data on Company Hiring in Sync With Moderate U.S. Job Growth
U.S. Companies Add 178,000 Jobs in July ADP Report
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The gain in hiring at companies in July, along with upward revisions to the prior month, is consistent with moderate growth in U.S. employment, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey.
The results showed steady job growth across a swath of industries from professional and business services to financial activities, construction and mining. Businesses are expanding their workforce with new hires, indicating sustained job-market progress that is helping underpin consumer spending, the biggest part of the economy. The ADP results also bode well for the private payrolls tally in the July jobs report due from the Labor Department on Friday.