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ADP: Private Sector Employment Increased by 2,369,000 Jobs in June
Private sector employment increased by 2,369,000 jobs from May to June according to the June ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. "Small business hiring picked up in the month of June," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "As the economy ... (full story)
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Private payrolls up 2.37 million in June; May loss revised up to 3.065 million from 2.76 million, ADP says
Companies in June continued to bring workers back from their pandemic furlough as the national economy slowly came back to life. Private payrolls grew by 2.369 million for the month, a bit lower than the 2.5 million expectation from economists surveyed by Dow Jones, according to a report Wednesday from ADP and Moody’s Analytics. The total actually represented a decline from the previous month, which saw a dramatic upward revision to 3.065 million. ADP initially said May saw a loss of 2.76 million. The firm did not immediately explain the massive shift. For June, hiring was especially strong in the pivotal leisure ... (full story)
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