U.S. private sector employment rises more than expected in July

Market news

31 July 2013

U.S. private sector employment rises more than expected in July

Employment in the U.S. private sector increased by more than anticipated in the month of July, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday.

ADP said private sector employment increased by 200,000 jobs in July following an upwardly revised increase of 198,000 jobs in June.

Economists had been expecting employment to increase by about 179,000 jobs compared to the addition of 188,000 jobs originally reported for the previous month.

Before the bell: S&P futures +0.06%, Nasdaq futures +0.09%

U.S.: Employment Cost Index, Quarter II +0.5% (forecast +0.4%)

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