US private sector job creation suggests Friday's unemployment number could be better than expected

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.