U.S. Private Sector Adds 122,000 Jobs in July, Lowest Since January

Aug 2, 2024, 12:32 PM

The U.S. economy added 122,000 private sector jobs in July, according to the ADP National Employment Report, falling short of the expected 147,000 jobs. This represents the lowest increase since January 2024. The previous month's job gains were revised up to 155,000 from 150,000. The data indicates a slower pace of job growth, reflecting potential weaknesses in the labor market. The Reuters consensus forecast had anticipated an increase of 150,000 jobs.