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Private-sector continues to see strong job gains in July, ADP says

Private sector hiring remained strong in July as employers added 178,000 jobs ADP reported Wednesday.

Economist polled by Econoday had forecast a July gain of 173,000 jobs compared with an original reported increase of 158,000 in June. On Wednesday, ADP revised June’s gain to 191,000.

“It is a machine. Average monthly job growth this year is just south of 200,000. That’s exactly the job growth we’ve been getting coming up on eight years. It is an incredible run,” said Mark Zandi, chief economist at Moody’s Analytics, which helps prepare the report, in an interview on CNBC.

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