ADP reports 91,000 private sector jobs added in July

The private sector added 91,000 jobs in July, according to a report released today by ADP.

The modest growth was further tempered by a revision down to 109,000 from 114,000 of the June numbers.

Small business, considered by many to be the best hope to drag unemployment below 9 percent, added the bulk of the jobs at an additional 58,000 while medium-sized business added 30,000 jobs.

The service-providing sector added the largest number of jobs at 80,000 but that number is well off the average of 115,000 jobs added in the sector over the previous two months.

“Today’s ADP National Employment Report suggests that the trend in employment moderated somewhat in August at a pace below what would be consistent with a stable unemployment rate,” said Joel Prakken, chairman of Macroeconomic Advisers, LLC, co-author of the report.

The ADP report tracks only private-sector employment.  National employment figures, which include public-sector employment, are due out from the government Friday. ADP reports 91,000 private sector jobs added in July