US: Private sector employment increased by 177K jobs in June vs. 190K expected - ADP

Eren Sengezer FXStreet

"Private sector employment increased by 177,000 jobs from May to June according to the June National Employment Report," the ADP Research Institue reported on Thursday.

Key takeaways from the official publication

The labor market continues to march towards full employment.
Healthcare led job growth once again and trade rebounded nicely.
Business’ number one problem is finding qualified workers.
At the current pace of job growth, if sustained, this problem is set to get much worse.
These labor shortages will only intensify across all industries and company sizes.

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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