US: Private sector employment increased by 158,000 jobs in June - ADP

Eren Sengezer FXStreet

Private sector employment increased by 158,000 jobs from May to June according to the June ADP National Employment Report.

Key quotes from the official report:

“Despite a slight moderation in the month of June, the labor market remains strong,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.
“For the month of June, jobs were primarily created in the service-providing sector.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market continues to power forward. Abstracting from the monthly ups and downs, job growth remains a stalwart between 150,000 and 200,000. At this pace, which is double the rate of labor force growth, the tight labor market will continue getting tighter.”

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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