Private sector job creation surged in July to 200,000 as small businesses and services led the way, according to the latest report from ADP and Moody’s Analytics.
The report topped analyst expectations of 180,000 and sets the stage for a possibly stronger nonfarm payrolls report number Friday.
Small business, employing fewer than 50 workers, added 82,000, the report showed, outpacing medium-sized (50-499 employees) and large businesses, which respectively added 60,000 and 57,000.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.