Wednesday, July 3, 2013

ADP Employment Grew By 188,000 in June

Private sector employment increased by 188k jobs in June, according to ADP’s National Employment Report. Gains in June continued to be driven by the service sector, however the goods sector made gains as well. June’s report has the largest gains since February, and is well above May’s slight revision to 134k and April’s upward revision to 124k. May’s BLS report had job gains at 175k, well above the ADP reported value.

The service sector created 161k jobs in June, up from 138k in May.

The goods producing sector picked up steam in June, adding 27k jobs, up from the 4k decline the previous month. Manufacturing did not contribute much to the gain, only adding 1k jobs in June. However, it’s an improvement from the negative manufacturing job growth in April and May.

Read the ADP release.

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