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Companies in the private sector added 44,000 jobs in July, payroll processing firm ADP said in its latest report on Wednesday.
The figure is below economists’ estimates of a gain of 70,000 jobs and down from the prior month’s revised 95,000 payrolls figure.
“Job-changers are highly sensitive to real-time economic conditions, and their rapid pay growth implies supply constraints in parts of the labor market,” said Nela Richardson, ADP’s chief economist. “Typical hiring patterns, meanwhile, are changing as employers react to shifting macro-economic conditions.”
THE COLLEGES THAT GIVE GRADUATES THE STRONGEST CAREER EDGE, ACCORDING TO LINKEDIN
Which industries are hiring the most workers, according to the ADP report?
Education and health services added 36,000 positions, leading job creation in July. Financial activities added 10,000, professional and business services gained 9,000, and other services added 6,000.
US WORKERS INCREASINGLY TRAPPED IN THE ‘GREAT DETACHMENT’ AS HIRING SLOWS, REPORT SHOWS
Information added 5,000 jobs, while manufacturing construction added 2,000 and 1,000 positions, respectively.
On the negative side, leisure and hospitality lost 11,000 jobs, trade, transportation and utilities lost 8,000, and natural resources and mining lost 6,000.
Large businesses – those with 500 or more employees – gained 13,000 jobs in July. Businesses with 50 to 499 employees gained 8,000 workers. Establishments with fewer than 50 employees gained 23,000 jobs.
SOUTHERN CITIES DOMINATE RANKINGS OF BEST JOB MARKETS FOR NEW COLLEGE GRADUATES
People staying in their roles saw their pay climb 4.4% from the prior year, while pay gains for those changing their jobs accelerated to 7% – the largest year-over-year increase since August 2025.
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