US private payrolls rose 44,000 in July, below expectations and the smallest monthly gain since early this year, the ADP report showed. Hiring momentum slowed, but wage growth for employees switching jobs climbed to its strongest level in nearly a year. ADP said the labor market remains stable, supported by firm corporate and consumer demand; if Friday’s nonfarm payrolls confirm this pattern, Fed officials could continue to focus on elevated inf.

2026-08-05

US private payrolls rose 44,000 in July, below expectations and the smallest monthly gain since early this year, the ADP report showed. Hiring momentum slowed, but wage growth for employees switching jobs climbed to its strongest level in nearly a year. ADP said the labor market remains stable, supported by firm corporate and consumer demand; if Friday’s nonfarm payrolls confirm this pattern, Fed officials could continue to focus on elevated inf.