July ADP employment +178K vs +190K expected

ADP employment data for July - Prior was +158K (revised to 191K) Small miss on the headline but big upward revision to the prior. Overall, it's a decent number and sets up a solid non-farm payrolls report but the big market mover on Friday won't be the headline, it will be the wage data.
July ADP employment +178K vs +190K expected