Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of July.
The report said private sector employment jumped by 104,000 jobs in July after slipping by a revised 23,000 jobs in June.
Economists had expected private sector employment to climb by 78,000 jobs compared to the dip of 33,000 jobs originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.