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.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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