• ADP data showed US private-sector employment rose 44,000 in July, signaling a sharp slowdown in hiring momentum.
• Annual pay growth for job-stayers held at 4.4% year over year, pointing to steady wage pressure despite softer job gains.
• Job-changers’ pay growth accelerated to 7%, the fastest year-over-year increase since August 2025, indicating tighter conditions for experienced hires.
• Service-providing industries added 47,000 jobs while goods-producing industries lost 3,000, keeping growth concentrated in services.
• June job growth was revised down to 95,000 from 98,000, reinforcing a cooling trend in private payrolls.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADP - Automatic Data Processing Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608050815PR_NEWS_USPR_____NY19781) on August 05, 2026, and is solely responsible for the information contained therein.