Coming up: July private-sector jobs
WASHINGTON (MarketWatch) — Data on private-sector payrolls for July are scheduled for release at 8:15 a.m. from payrolls-processor Automatic Data Processing Inc. In June private-sector payrolls rose 176,000. Markets look to ADP’s report on private-sector payrolls to provide some guidance on the U.S. Labor Department’s jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls. Economists polled by MarketWatch expect the U.S. Labor Department to report Friday that nonfarm-payroll employment rose 100,000 in July, compared with 80,000 in June. They also expect that the unemployment rate remained at 8.2%.