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ADP: Private payrolls rise 44,000 last month, missing expectations

Fox Business +2 ·

ADP Automatic Data Processing Inc
$270.60 +0.30%
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  1. 1U.S. private payrolls grew by 44,000 last month, falling short of the Bloomberg survey estimate of 65,000.
  2. 2The increase slowed from 95,000 in June, while annual wage growth for job-switchers reached 7%, the fastest since August last year.
  3. 3Education and health services saw the largest gains, while leisure and hospitality shed 11,000 jobs; Friday's Labor Department figure is expected to show a gain of 80,000.

This 3-line summary is compiled from the report below.

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