Every month at this time we have the prior months ADP Job numbers released.  Today, we saw the numbers for July, and they were slightly better than most economists had predicted.  In July the country saw an increase in private sector jobs of approximately 42,000.  Economists on average had expected an increase of 39,000 jobs.  In addition to the job numbers for July being higher than expected, the numbers for June have also been revised upward to an increase of 19,000. It was originally reported that jobs only increased by 13,000 in June.

Most of the gains came from small and medium sized businesses, with larger corporation job creation remaining relatively flat.  Although a majority of corporations are reporting better than expected earnings, they don’t seem to be hiring as fast as the smaller business’s out there are.

Despite these better than expected numbers, the unemployment rate for the month of July is expected to rise to 9.6% from 9.5% in June because of the government jobs that have been lost from census bureau employees.  Having said this, the ADP numbers released today certainly give a still struggling economy hope that things are improving, even though at a slow pace.