Private Sector Adds Jobs At Slower Pace In July: ADP

By Greg RobbMarketWatch Pulse

Employers added 185,000 jobs last month, Automatic Data Processing Inc. reported Wednesday, a slower pace than in the prior month. ADP revised June's gain down slightly to 229,000 from a prior estimate of 237,000. Economists use ADP's data to get a feeling for the Labor Department's employment report, which will be released Friday and covers government jobs in addition to the private sector. Economists polled by MarketWatch expect the government's report to show that nonfarm payroll rose by a 215,000 jobs last month, down from a gain of 223,000 in June. This would be the smallest increase in nonfarm payroll employment since January.

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