US: Private sector employment increased by 178,000 jobs from June to July - ADP

"Private sector employment increased by 178,000 jobs from June to July according to the July ADP National Employment Report," said ADP on Wednesday.

.Key quotes:

"Job gains continued to be strong in the month of July,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

“However, as the labor market tightens employers may find it more difficult to recruit qualified workers.”

Mark Zandi, chief economist of Moody’s Analytics, said, “The American job machine continues to operate in high gear. Job gains are broad-based across industries and company sizes, with only manufacturers
reducing their payrolls. At this pace of job growth, unemployment will continue to quickly decline.”