
Private-sector hiring eased from the previous 19,750-19,800 in the July 21 update, indicating slower U.S. labor-market momentum ahead of broader payroll data.
U.S. weekly ADP employment change came in at 16,500 for the week to July 4 in the July 21 update, down from the previous reading reported as 19,750 in one source and 19,800 in another. The softer reading indicates slower private-sector hiring and is watched as a high-frequency signal on labor-market momentum ahead of the Bureau of Labor Statistics' nonfarm payrolls report.