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Private Sector Added 98,000 Jobs in June, ADP Reports, Missing May's Pace but Beating Estimates

By

Ty Roush

5h ago· 2 min readenNews

Summary

Private sector payrolls in the U.S. rose by 98,000 in June, according to ADP, falling short of May's 122,000 but beating analyst expectations of 92,500. The education and health services sector led job creation with 48,000 new positions, accounting for nearly half of all growth. Small businesses with fewer than 50 employees added 53,000 jobs, while large firms with 500+ employees added 25,000. The data suggests a persistent but moderating slowdown in hiring momentum across the private sector.

Source

bskyPrivate Sector Added 98,000 Jobs in June, ADP Reports, Missing May's Pace but Beating Estimatesforbes.com

Key quotes

· 1 pulled
The pace of hiring is
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Nearly half of all job creation for private employers last month came from the education and health services sector.

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