Private employment was up 122,000 jobs in July, as noted in the latest ADP National Employment Report.
Many of the job gains over the month were in trade/transportation/utilities (+61,000), construction (+39,000), and leisure/hospitality (+24,000). Meanwhile, professional/business services (-37,000), information (-18,000), and manufacturing (-4,000) lost jobs.
For another month, most of the job gains were in the South region (+55,000), while the Midwest experienced the smallest increase (+17,000). The largest establishment size (500+ employees) added the most jobs at 62,000, but small businesses with between 20 and 49 employees lost 22,000 jobs.
Year-over-year pay gains continued shrinking in July, with job-stayers experiencing the slowest growth pace in three years at 4.8%, and job-changers seeing a drop from 7.7% to 7.2% from June to July.
