Wednesday, July 2, 2014

ADP Employment Added 281,000 Jobs in June

According to the ADP’s National Employment Report, the private sector added 281,000 jobs in June, above expectations and the largest monthly gain since November 2012. June’s report included a slight downward revision to April’s headline number. The strong ADP headline number signals that the job growth data released tomorrow by the U.S. government should be positive and above expectations.

Job gains continue to be centered in the service sector, which added a strong 230,000 jobs in June, up 82,000 jobs from the month prior. Professional and business services added 77,000 jobs, the bulk of the jobs added in June and a vast improvement from a weak May.

Goods producing employment rose from May, with 51,000 new goods producing jobs in June. Manufacturing added 12,000 jobs, the strongest growth all year.

Read the ADP release.

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