"ADP Reports Strong Job Growth in July, Exceeding Expectations"

The US private-sector added 324,000 jobs in July, surpassing economists' expectations, as businesses hired more workers to meet the growing demand for services like travel and dining. The majority of the new jobs were in the leisure and hospitality sector, which was hit hard by the pandemic. However, the manufacturing sector continued to struggle, shedding 36,000 jobs. While wage growth slowed, it remained above inflation. The US labor market remains strong, but there are signs of a slight softening.