The US private sector added only about 104,000 jobs in July, according to figures released just moments ago by ADP, after losing about 33,000 jobs in June’s revised reading, which was downwardly revised to 23,000, compared to expectations of 77,000.
In detail, the manufacturing sector added about 7,000 jobs, the construction sector added about 15,000 jobs, the trade, transportation, and utilities sector added 18,000 jobs, the business professional services sector added 9,000 jobs, and the education and health services sector lost 38,000 jobs.