According to ADP, US private sector employment increased by 104k in July 2025, with services leading the gains.

• Goods-producing jobs rose +31k, including +15k in construction, +9k in mining, and +7k in manufacturing.
• Service-providing jobs increased +74k, led by leisure/hospitality (+46k) and financial activities (+28k), while education/health services declined -38k.
• By region, the West added +75k jobs, the South +43k, the Midwest +18k, while the Northeast lost -18k.
• Large and medium-sized firms each added +46k jobs; small businesses added just +12k.

• Job-stayer pay rose 4.4% YoY, while job-changer pay was up 7.0% YoY, both unchanged from June..