ADP: Private Sector Employment and Compensation Increase in July

According to the ADP National Employment Report released on Wednesday, private sector employment increased by 104,000 jobs in July. Year-over-year, annual pay rose 4.4%.

The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market.

Commenting on the report, ADP Chief Economist Nela Richardson said:

“Our hiring and pay data are broadly indicative of a healthy economy. Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient.”