ADP June private payrolls miss forecasts, rise 98,000
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.
