ADP: US Companies Add Healthy 219,000 Jobs in July
US businesses added 219,000 jobs in July, a private survey found, a robust total that suggests employers are still able to find the workers they need despite the low unemployment rate.
Payroll processor ADP said Wednesday that hiring was led by health care providers, hotels and restaurants, and manufacturers. July’s figure was up from 181,000 in June and is enough to lower the already-low jobless rate of 4%
Last month’s job gain comes as the economic expansion enters its 10 year, the 2nd-longest in US history. Tax cuts and greater government spending are accelerating growth.
Chief economist at Moody’s Analytics, which compiles the ADP data, said there were signs that tariffs imposed by the US and other countries have led to job cuts at large multinational firms