U.S. private sector adds 122,000 jobs in July amid cooling labor market

WASHINGTON, July 31 (Xinhua) -- The U.S. private sector added 122,000 jobs in July, with job creation edging down and pay gains continuing to slow, indicating a slowing labor market, according to a report released Wednesday.

The latest data were announced by Automatic Data Processing (ADP) and Moody's Analytics in a National Employment Report based on a monthly survey.

The survey showed that large compani