US private-sector employment rose by only 44,000 jobs in July, according to the ADP National Employment Report, missing the consensus forecast of 75,000 and coming in at less than half the downwardly revised 95,000 for June. Goods-producing industries shed 3,000 positions while services added 47,000, and by company size small businesses led with 23,000 new jobs. Education and health services gained 36,000, financial services added 10,000, but trade, transportation and utilities lost 8,000 and leisure and hospitality dropped 11,000. Wage growth for job stayers was 4.4 percent, while job changers saw a 7.0 percent increase.
Automatic Data Processing Inc
Shopify Inc
CVS Health Corp
Walt Disney Company
Eli Lilly and Company