According to the ADP National Employment report, the non-farm private sector added 185,000 jobs in July, down from 229,000 in June. Both the goods-producing and service-providing sectors saw slower job growth.
Small businesses, with less than 50 employees, added 59,000 jobs, down from 118,000 in June. Medium-sized businesses, with 50 to 499 employees, added 62,000 jobs, down from 78,000 in June. Large businesses, with 500 or more employees, added 64,000 jobs, up from 34,000 in June.
Goods-producing employment rose by 8,000, down from 13,000 in June. Manufacturing added 2,000 jobs after gaining 9,000 in June.
Service –providing sector employment rose by 178,000, down from 216,000 in June. Professional/business services contributed the largest gain, adding 42,000. Trade/transportation/utilities added 25,000 jobs and financial activities added 10,000 jobs.
Read the ADP release.
