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ADP: US private sector adds 178,000 jobs in July

Private-sector employment in the U.S. increased by 178,000 jobs in July from June, according to the latest ADP National Employment Report.

By company size, medium-sized businesses posted the highest increase of 83,000 jobs. Small businesses added 50,000 jobs, while large businesses added 45,000 jobs.

The service-providing sector added 174,000 jobs in the month, while employment in the goods-producing sector rose by 4,000 jobs.

Within the service-providing sector, employment rose by 65,000 jobs in professional and business services and 13,000 in financial activities. The education and health services sectors added 43,000 jobs and trade, transportation and utilities added 24,000 jobs during the month.

Meanwhile, within the goods-producing sector, the natural resources and mining sector gained 3,000 jobs and the construction industry added 6,000 jobs, while manufacturing lost 4,000 jobs.

ADP revised the total number of jobs added in June to 191,000 from 158,000.

"The American job machine continues to operate in high gear," said Mark Zandi, chief economist of Moody's Analytics. "At this pace of job growth, unemployment will continue to quickly decline."

Automatic Data Processing Inc. produces the report in collaboration with Moody's Analytics. The report measures the monthly change in total nonfarm private employment on a seasonally adjusted basis.

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