ADP: US Businesses |Added 179K Jobs in July

      (CN) – Payroll processor ADP said Wednesday that its latest employment survey found U.S. companies added 179,000 jobs in July, a finding that suggests that hiring remains healthy after a marked decline in the spring.
     As always with ADP surveys, the final number is a compendium of winners and losers. Service companies did the most hiring in July, adding 185,000 jobs, while manufacturers added just 4,000 positions.
     The growth was offset by continued tough times in the construction industry and the good’s producing sector, which each cut 6,000 jobs.
     Solid gains occurred in both higher-paying and lower-paying industries, extending a trend of greater hiring at the upper and lower levels of the pay scale, with fewer gains in middle-income jobs.
     Financial services firms added 11,000 jobs, and professional and business services, a category which includes upper-income positions such as engineers and architects, as well as low-paying temp jobs, added 59,000.
     The report comes two days ahead of the government’s employment report for July.
     Economists have forecast those numbers will show a gain of 175,000 jobs and that the unemployment rate will dip to 4.8 percent from 4.9 percent.

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