Private sector hiring rebounded in July, according to ADP, with payrolls increasing by 104,000 on a seasonally adjusted basis. This reverses a loss of 23,000 jobs in June, offering a potentially more optimistic outlook on the labor market. The ADP report provides an early glimpse into the employment situation ahead of the official government jobs report, although the two often diverge. Economists will be closely watching to see if this positive trend is reflected in the broader national figures.