By Christopher S. Rugaber
A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month.
Private employers added 218,000 jobs, down from 281,000 in June, payroll provider ADP said Wednesday. It was the fourth straight month of job gains above 200,000, a healthy pace that usually is enough to lower the unemployment rate.
The figures suggest that the government’s jobs report, to be released Friday, will also show a solid increase. But the ADP numbers cover only private businesses and often diverge from the government’s more comprehensive report.