Employment data

The Bureau of Labor Statistics sharply revised downward the number of jobs added in May and June and the unemployment rate ticked up to 4.2%.

The pace of growth in small business jobs and wages across the country stayed on an even keel in July, according to payroll provider Paychex.

Payroll giant ADP reported signs of improving employment trends in some sectors in July, with average pay up 4.4% year-over-year.

The jobs report beat expectations, while the unemployment rate dipped one-tenth of a percentage point to 4.1%.

Private sector employers cut 33,000 jobs in June, the first decline in over two years, while annual pay grew 4.4% year-over-year, payroll giant ADP reported.

Job and wage growth at small businesses remained stable in June, despite some moderation, payroll company Paychex reported.

The overall unemployment rate remained unchanged at 4.2%.

Hourly earnings growth for small business employees dropped to a four-year low at 2.77% in May, while job growth was flat, according to payroll company Paychex.

Private sector employment increased by only 37,000 jobs in May, down from a revised figure of 60,000 in April, while annual pay increased 4.5% year over year.

The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report, but it may be the last one for a while.