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Private company hiring bounced back with a 104,000 increase in July, ADP says

Private company hiring bounced back with a 104,000 increase in July, ADP says

Hiring at private companies rebounded at a stronger than expected pace in July, indicating the labor market is holding its ground, ADP reported Wednesday. Payrolls rose by a seasonally adjusted 104,000 for the month, reversing a loss of 23,000 in June and topping the Dow Jones forecast from economists for an increase of 64,000. The June number was revised up …

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