Payroll employment rose by 209,000 in July, better than many expected. A slowdown in hiring in the government sector following a surge in June was mostly offset by robust gains in the private sector. The biggest driver of job gains in July was food services, which alone accounted for more than a quarter of all private sector gains. With the positioning of the Fourth of July holiday in the middle of the first full week of July, many people took off the entire week. AAA reported that it was a record driving holiday; lower prices at the gas pump helped. Millennials also tend to spend more of their discretionary dollars on eating out and experiences compared to other consumers.