U.S. private sector adds 200,000 jobs in July: ADP

NEW YORK Wed Jul 31, 2013 8:28am EDT

A man walks past job seekers as they fill out job applications for recruiters during a job fair in New York, June 11, 2013. REUTERS/Lucas Jackson

A man walks past job seekers as they fill out job applications for recruiters during a job fair in New York, June 11, 2013.

Credit: Reuters/Lucas Jackson

NEW YORK (Reuters) - U.S. private employers added 200,000 jobs in July, topping economists' expectations in an encouraging sign for the labor market recovery, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs. June's private payrolls were revised up to an increase of 198,000 from the previously reported 188,000.

The report is jointly developed with Moody's Analytics.

(Reporting by Leah Schnurr; Editing by James Dalgleish)

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Comments (2)
tomb8569 wrote:
The only good this news has is it gives the FED the opportunity to raise interest rates and allows Wall Street to bump up the DOW a bit.
Of course the job number went up, now that this administration counts part time seasonal hires as an increase in jobs. We get this every Spring and at the beginning of Summer. Watch what happens at the end of summer and the tourist seasons.

Jul 31, 2013 10:11am EDT  --  Report as abuse
tomb8569 wrote:
The only good this news has is it gives the FED the opportunity to raise interest rates and allows Wall Street to bump up the DOW a bit.
Of course the job number went up, now that this administration counts part time seasonal hires as an increase in jobs. We get this every Spring and at the beginning of Summer. Watch what happens at the end of summer and the tourist seasons.

Jul 31, 2013 10:11am EDT  --  Report as abuse
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