The US private sector added jobs for the 19th straight month in July but growth remained below the level needed for a steady recovery in the struggling labour market, while planned lay-offs jumped to a 16-month high, adding to worries over the health of world’s largest economy.
Wednesday’s employment report from ADP, the payroll processor, showed job creation slowed to 114,000 new positions last month from June’s downwardly revised 145,000. The July increase was slightly ahead of expectations of 100,000 and in line with estimates for the private sector component of Friday’s government non-farm payrolls report.
Wednesday’s employment report from ADP, the payroll processor, showed job creation slowed to 114,000 new positions last month from June’s downwardly revised 145,000. The July increase was slightly ahead of expectations of 100,000 and in line with estimates for the private sector component of Friday’s government non-farm payrolls report.