Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday.
Companies added just 122,000 jobs on the month, the slowest pace since January and below the upwardly revised 155,000 in June.
Several sectors reported net losses on the month.
The ADP report comes two days before the Labor Department's Bureau of Labor Services releases its nonfarm payrolls count, which, unlike the ADP tally, includes government jobs.
The two reports can differ substantially, with ADP overshooting the BLS estimate of 136,000 for private payrolls in June.
Persons:
Dow Jones, Nela Richardson
Organizations:
FedEx, Broadway, Companies, ADP, Federal, Labor Department's Bureau of Labor Services
Locations:
New York City, Midwest