ADP June private payrolls miss forecasts, rise 98,000
TL;DR
US private employers added 98,000 jobs in June per ADP, well below economists’ forecast of about 120,000. Growth was mainly in education and health services, with the financial activities sector adding around 14,000. The official government payroll report due later this week is expected to show roughly 115,000 jobs, a moderation from May but still strong enough to keep unemployment from rising. Layoffs fell this week, and job openings data offered mixed signals, suggesting overall hiring remains soft.
- Private employers added 98,000 jobs in June, fewer than expected Yahoo Finance
- Private payrolls rose by 98,000 in June, less than expected, ADP reports CNBC
- ADP National Employment Report: Private Sector Employment Increased by 98,000 Jobs in June; Annual Pay was Up 4.4% PR Newswire
- Gold trades near session highs after ADP says net 98K jobs were added in June KITCO
- US June private payrolls growth misses expectations; layoffs decline Reuters
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