Private-sector employment increased by 219,000 in July, on a seasonally adjusted basis, ADP estimated Wednesday.

In June, ADP says 181,000 jobs were added, compared to its previous estimate of 177,000.

ADP

Economists surveyed by IFR Markets projected an 185,000 job gain for June.

“The labor market is on a roll with no signs of a slowdown in sight,” according to Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Nearly every industry posted strong gains and small business hiring picked up.”

“The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending,” said Mark Zandi, chief economist of Moody’s Analytics. “Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”

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