Private sector added 44,000 jobs in July, below expectations, ADP says

This is a breaking news story on the July ADP National Employment Report. Please check back for updates.

Companies in the private sector added 44,000 jobs in July, payroll processing firm ADP said in its latest report on Wednesday.

The figure is below economists’ estimates of a gain of 70,000 jobs and down from the prior month's revised 95,000 payrolls figure.

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