ADP says private sector added 200,000 jobs in July
Private-sector employers added 200,000 jobs in July, according to
Automatic Data Processing Inc., above economists' expectations. Analysts
were expecting an increase of 185,000 private jobs in July, compared to
an original June estimate of 188,000 jobs gained. ADP on Wednesday
revised its June figure up by 10,000 to 198,000. The U.S. Department of
Labor will report on both private- and public-sector payrolls on Friday,
and economists surveyed by MarketWatch expect that nonfarm-payroll
employment grew by 175,000 in July, below June's gain of 195,000.
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