ADP National Employment Report for July 2026

Private Job Growth Slows But Pay Accelerates

According to the ADP National Employment Report for July, 2026, private sector employment increased by 44k jobs. ADP says sector-level hiring was choppy last month, but pay sent a clear signal. Year-over-year pay for job-changers accelerated to its fastest pace of growth in nearly a year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 26 million U.S. employees.

“Job-changers are highly sensitive to real-time economic conditions, and their rapid pay growth implies supply constraints in parts of the labor market. Typical hiring patterns, meanwhile, are changing as employers react to shifting macro-economic conditions.” Said ADP chief economist Dr. Nela Richardson.