The pace of U.S. private sector job growth slowed in July, perhaps as
a result of the rising coronavirus infection rate. Private-sector
employment rose 167,000 jobs in July, Automatic Data Processing Inc.
reported Wednesday. The gain was well below forecasts from economists
surveyed by Econoday who expected a gain of 1.9 million jobs. Job gains
totaled 4.3 million in June and 3.3 million in May after a loss of 19.4
million in April, according to ADP data.
What happened: Goods producers added only 1,000 jobs last month, while services producers added 166,000.
By company size, there were
private-sector-job gains in July of 63,000 at small employers, and
129,000 at large employers. Medium-sized employers lost 25,000 jobs.
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