ADP240726P225000
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Automatic Data Processing Newsroom
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June Private Jobs Rise Less Than Expected; Layoffs Reach Highest Monthly Total Since 2020
ADP data shows that US businesses added 150,000 jobs in June and wage growth cooled down.
In June, American enterprises increased their hiring at a more moderate pace, with slow wage growth, reflecting a gradual cooling of labor demand. According to data from the ADP Research Institute, the private sector in the United States added 150,000 jobs in June, mainly due to employment growth in the leisure and hospitality industry. Economists surveyed by Bloomberg estimated a median increase of 165,000. "Job growth has been steady, but not widespread," said Nela Richardson, chief economist at ADP. "If not for the rebound in hiring in the leisure and hospitality industry, June would be a poor performer."
U.S. Hiring Slows for Third-Straight Month, ADP Reports
Private Employers Add 150,000 Jobs In June, Less Than Expected: Job Growth 'Solid, But Not Broad-Based'
ADP National Employment Report: Private Sector Employment Increased by 150,000 Jobs in June; Annual Pay Was Up 4.9%