US Private Sector Adds 104K Jobs in July Exceeding Forecasts

In July 2025, U.S. private sector employment surged by 104,000 jobs, surpassing market expectations and marking the strongest gain since March. This rebound followed a revised loss of 23,000 jobs in June, suggesting improved labor market momentum possibly influenced by easing trade tensions. The service sector led hiring with 74,000 jobs added, particularly in leisure and hospitality, financial activities, and trade, transportation, and utilities, while the goods-producing sector contributed 31,000 jobs with gains in construction, natural resources, mining, and manufacturing. ADP Chief Economist Dr. Nela Richardson stated that the hiring and pay data indicate a healthy economy, with employers increasingly optimistic about consumer resilience, which plays a key role in economic growth. The strong employment figures also influenced a slight rise in the U.S. Dollar Index, reflecting how labor market conditions impact currency valuation and monetary policy considerations. Wage growth remains a critical factor for policymakers due to its effects on consumer spending and inflation trends.