US private-sector employment increases in June, according to ADP Research. ADP reports that private payrolls add 98,000 jobs during the month, following a gain of 122,000 in May. The June figure is described as solid and contributes to the best three-month stretch for hiring in more than a year, based on how ADP characterizes recent trends. Bloomberg notes that the reading comes out on Wednesday and cites a Bloomberg survey of economists in which the median estimate called for an increase of 120,000 jobs. Financial Post similarly reports that job growth remains strong in June, framing the three-month period as the strongest for hiring in over a year. Across the two outlets, the core details align: the ADP-reported June job creation is 98,000, it follows a 122,000 increase in the prior month, and it is weaker than the median forecast cited by Bloomberg. Both sources treat the result as part of a broader improvement in hiring over recent months.
US private payrolls rise 98,000 in June, ADP data show
US private-sector employment increases in June, according to ADP Research. ADP reports that private payrolls add 98,000 jobs during the month, following a gain of 122,000 in May. The June figure is de...
- ADP reports US private-sector payrolls increase by 98,000 jobs in June.
- May private payrolls rise by 122,000 jobs, according to ADP data.
- June’s private job growth is described as solid by both outlets.
- Financial Post characterizes the latest period as the best three months for hiring in more than a year.
- Bloomberg reports economists’ median estimate for June was a 120,000 increase.
US private-sector job creation was solid again in June, capping the best three-month stretch for hiring in more than a year.
3 hours agoPrivate payrolls rose by 98,000 in June after a 122,000 increase in the prior month, according to ADP Research data out Wednesday. The median estimate in a Bloomberg survey of economists called for a 120,000 increase. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
3 hours ago
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