ADP: Employers Add More Jobs, but Fewer Than Expected

ADP employment report
Alan Diaz/AP
By Jeff Cox | @JeffCoxCNBCcom

Private businesses created 218,000 jobs in July, a number that while solid and in line with previous months fell below expectations, according to ADP.

The number also fell well short of the 281,000 created in June -- the initially reported total was not revised -- and could cause economists to alter their projections for Friday's nonfarm payrolls report. Consensus has the economy adding 225,000 total for the month.

Employment growth fell across the spectrum, with service industries again leading the way with 202,000 new positions, down from 238,000 in June. Goods-producing businesses rose 16,000, off from 43,000, while construction gained just 12,000, less than half the previous months' gain.

However, Mark Zandi, the top economist at Moody's Analytics, which formulates the report along with ADP, said the overall direction of the jobs market is decidedly positive.

"There's job growth everywhere, in every industry, increasingly in every corner of the country," Zandi told CNBC. "You can see across all occupations, across all pay scales. Early in the recovery it was mostly lower-paying jobs. Now, it's across the board."

Markets reacted little the report, with stock market futures indicating a slightly positive open and government bond yields edging higher as well.

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ADP: Employers Add More Jobs, but Fewer Than Expected
Though journalism is often cited as a field with anemic compensation at the entry- and mid-career levels, broadcast news analysts are an exception.

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Top 10 percent annual income, on average: $186,260

Mean annual income: $84,710

Total employed: 4,820

Top-paying state: Florida
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Top 10 percent annual income, on average: $169,450 

Mean annual income: $96,650 

Total employed: 32,250

Top-paying state: New York
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Top 10 percent annual income, on average: $137,980 
Mean annual income: $80,250 

Total employed: 8,810

Top-paying state: New York
BLS job description: Apply makeup to performers to reflect period, setting, and situation of their role.

Top 10 percent annual income, on average: $121,910 
Mean annual income: $66,330 

Total employed: 2,440

Top-paying state: New York
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