ADP Reports Job Growth In July Wednesday, August 4, 11:37 AM ET
This morning, the monthly ADP National Employment Report crossed the wires and indicated the private sector had added 42,000 new jobs in July. Most of the job growth came from small and medium sized companies and the report indicated that the month of July saw excellent growth from the service sector, but job loss in the goods-producing sector. Overall, the 42,000 new jobs topped the estimates of economists who had predicted just 30,000 new jobs in July.
On the news, the markets turned higher and look to extend the week's gains.
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