Private‑sector payrolls rose by 104,000 in July, according to data released on July 30 by human resources management company ADP, outpacing economist forecasts and marking a sharp rebound from June’s revised 23,000 decline.
The ADP report comes two days before the closely watched Department of Labor’s nonfarm payrolls release and as the Federal Reserve weighs how much cooling is underway in the job market.
