Whatever troubles may be plaguing the U.S. economy, job growth is still not among them.
A private survey from payroll processor ADP shows U.S. companies added a healthy 156,000 jobs in July with larger firms accounted for much of the gains, a private survey found.
ADP also said Wednesday there was solid hiring in the construction, transportation, health-care and leisure and hospitality sectors, though it adds that smaller companies are struggling to find talent after years of robust job growth. Businesses that have fewer than 20 employees shed workers for the third straight month.
Population growth means the U.S. economy needs to add roughly 100,000 to 120,000 jobs monthly to keep the unemployment rate from rising. Non-farm payroll figures will be revealed south of the border this Friday. The ADP's figures don't include government hiring and frequently diverge from the government's official report
Average job gains have declined over the year, but they're running above a pace that could cause the jobless rate to increase.
Economists expect that report will how the addition of 163,000 jobs, while the unemployment rate holds at 3.7%.
