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The US private sector added much fewer jobs than expected last month as several states began ending enhanced unemployment benefits and COVID cases crept higher, driven by the surging Delta variant.
Private payrolls rose by 330,000 in July, ADP said in its monthly employment report. That compares to a median estimate of 683,000 jobs from economists surveyed by Bloomberg. The print marks a seventh straight month of payroll gains but a sharp slowdown from the previous month’s gains.
The initial June count was revised to 680,000 from 692,000.
The July report is the first to reflect job gains in details ⇒
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