Private sector employment increased by 692,000 jobs from May to June according to the June ADP® National Employment ReportTM. 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. Total U.S. Nonfarm Private Employment: 692,000 By Company Size ï‚· Small businesses: 215,000 • 1-19 employees 93,000 • 20-49 employees 122,000 ï‚· Medium bus ... (full story)

Private payrolls growth increased at a faster rate than expected in June thanks to a burst in hiring for the hospitality sector, ADP reported Wednesday. The gain of 692,000 was well above the 550,000 Dow Jones estimate though it fell short of May’s 886,000. In one bit of bad news for the jobs market, the May count was revised down sharply from the initially reported 978,000, though that still left it as the best month since September 2020. From an industry standpoint, the biggest hiring gain came from the 332,000 pickup in leisure and hospitality. The sector, which includes bars, restaurants, hotels and other related ... (full story)