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August 2, 2012

Report: Businesses Added 163,000 Jobs in July

Payroll-check processor Automatic Data Processing (ADP) announced on Wednesday that the nation's nonfarm private businesses added 163,000 jobs in July, compared with 172,000 jobs in June.

Employment in the private, service-providing sector expanded by 148,000 jobs in July after increasing by 151,000 jobs in June.  The private, goods-producing sector added 15,000 jobs in July, and manufacturing employment rose by 6,000 jobs in July.

Employment in the construction industry rose by 5,000 jobs, the second-consecutive monthly increase. The financial-services sector added 9,000 jobs in June, marking the 12th consecutive monthly gain.

The ADP National Employment Report is derived from ADP data. During 2011, ADP averaged 344,000 U.S. business clients, representing more than 21 million U.S. employees.

Roseland, N.J.-based ADP, releases its data several days before the U.S. Bureau of Labor Statistics issues its jobs' report.

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