US July ADP employment +104K vs +75K expected

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Prior -33KGood producing +31K vs +32K priorServices producing +74K vs -66K priorWage measures:Pay gains for job stayers 4.4% vs +4.4% priorPay growth for job changers 7.0% vs +6.8% priorThese are solid numbers and just reinforce what was already been shown by jobless claims and the NFP report: the US labour market remains resilient with little signs of weakness.The agency notes: "Our hiring and pay data are broadly indicative of a healthy economy. Employers have grown more optimistic that consumers, the backbone of the economy,will remain resilient.” This article was written by Giuseppe Dellamotta at investinglive.com.