The employment report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics showed on Wednesday the U.S. private employers added 167,000 jobs in July.

Economists had expected an increase of 1,500,000.

The June number saw a dramatic upward revision to 4,314,000 from the originally reported 2,369,000.

“The labor market recovery slowed in the month of July,” noted Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “We have seen the slowdown impact businesses across all sizes and sectors.”