US ADP jobs rose 324k, slowdown in pay growth without broad-based job loss

<p>US ADP private employment grew 324k in July, well above expectation of 195k. By sector, goods-producing jobs rose 21k while service-providing jobs rose 303k. By establishment size, small companies added 237k jobs, medium added 138k, large lost -67k. Job-stayers annual pay growth fell to 6.2% yoy, slowest pace since November. Job-changers annual pay growth also […]</p>
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