Josh Schafer · Reporter
Updated Wed, July 30, 2025 at 8:49 AM CDT
Private employers added more jobs than expected in July, rebounding after declining for the first time in more than two years during June.
On Wednesday, data from ADP showed private payrolls grew by 104,000 in July, above the 75,000 expected by economists and well above the 23,000 job cuts seen in June. Wednesday's data showed June's job cuts were revised lower to 23,000 from an initially reported 33,000.
Meanwhile, ADP's Pay Insights data showed wages for job changers increased 7% over the prior year in July, unchanged from the prior month. Pay growth for workers who stayed at the same job increased 4.4% in July, down from 4.5% in June.
"We are in a labor market that has recalibrated to a lower average level," ADP chief economist Nela Richardson told Yahoo Finance on a call with reporters. "The good news here is that that level is still solid enough to support the consumer, and that ultimately will be the tried and true test of the health of the labor market. Will consumers keep spending?"
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https://finance.yahoo.com/news/us-private-employers-add-104000-jobs-in-big-july-rebound-121947763.html
