July 30 (UPI) -- Private sector employment leapt forward in the United States in July while pay gains held steady, according to a report by private payroll processor ADP on Wednesday.
Private sector employment increased by 104,000 jobs in July, a reversal of June when jobs were at a 23,000 loss, a count revised from a previously announced loss of 33,000. Pay rose 4.4 % year-over-year overall, in line with past months, according to the labor market and employee performance research company's National Employment Report.
"Our hiring and pay data are broadly indicative of a healthy economy," said ADP Chief Economist Nela Richardson in a press release. "Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient."
The reported numbers are a measure of the labor market, based on the weekly payroll data of more than 25 million American private sector employees, approximately 14.8 million monthly individual pay-change observations.
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