Private sector job creation totalled 200,000 in July, according to ADP employer services. That's up from 198,000 jobs created last month (revised from 188,000).
Analysts had forecast job creation of 182,000 in July. Things are less spectacular for the manufacturing sector, which sees jobs down by 5,000. That's the sector's third drop in the last four months.
This strong number suggests that we could see a good figure for July's nonfarm payrolls number and unemployment, out on Friday.
ADP tracking NFP pretty close recently at 200K average— Mike van Dulken (@Accendo_Mike) July 31, 2013
Two months in a row of 200K private sector jobs added isnt bad at all. Makes up for the weak spring. Adds some optimism heading into Fri.— Dan Greenhaus (@DanBTIG) July 31, 2013