ADP: Private Employment Increased 150,000 in June - InvestingChannel

ADP: Private Employment Increased 150,000 in June

From ADP: ADP National Employment Report: Private Sector Employment Increased by
152,000 Jobs in May; Annual Pay was Up 5.0%

Private sector employment increased by 150,000 jobs in June and
annual pay was up 4.9 percent year-over-year, according to the June ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). …

“Job growth has been solid, but not broad-based,” said Nela Richardson, chief economist, ADP. “Had it
not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month.”


emphasis added

This was below the consensus forecast of 170,000. The BLS report will be released Friday, and the consensus is for 180,000 non-farm payroll jobs added in June.

Related posts

Advisors in Focus- January 6, 2021

Gavin Maguire

Advisors in Focus- February 15, 2021

Gavin Maguire

Advisors in Focus- February 22, 2021

Gavin Maguire

Advisors in Focus- February 28, 2021

Gavin Maguire

Advisors in Focus- March 18, 2021

Gavin Maguire

Advisors in Focus- March 21, 2021

Gavin Maguire