In July, the private sector added 104,000 jobs, surpassing economists’ estimates. The increase was mainly in service jobs, with leisure and hospitality leading the way. Goods-producing jobs also rose, with construction adding the most positions. The Western region added the most jobs, while the Northeast lost 18,000. Pay remained steady, with job-changers seeing a 7% increase. The health of the labor market may impact the Federal Reserve’s decision on interest rates. The upcoming jobs report could provide more insight into hiring trends.

Read more at Investing.com: Solid July Job Gains Reinforce Fed’s ‘Wait and See’ Rate Stance