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The "Little Non-Farm" employment figure exceeded expectations, with the largest increase since March.
On July 30, the US ADP employment figures for July increased by 104,000, the largest increase since March, while the market expected an increase of 75,000. ADP Chief Economist Nela Richardson stated, "Our hiring and wage data generally indicate that the economy is in good health. Employers are increasingly optimistic that consumers, the backbone of the economy, will remain resilient." ( Jin10 )