July private-sector jobs rise 163,000: ADP

WASHINGTON (MarketWatch)
Private-sector payrolls rose 163,000 in July, led by small businesses and the service-providing sector, according to the ADP employment report released Wednesday
The June level was revised to a gain of 172,000 from a prior estimate of 176,000
Markets look to ADP's report on private-sector payrolls to provide some guidance on the U.S. Labor Department's jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls
Economists polled by MarketWatch expect the U.S. Labor Department to report Friday that nonfarm-payroll employment rose 100,000 in July, compared with 80,000 in June
They also expect that the unemployment rate remained at 8.2%