Jobs
ADP: Private-sector jobs up 150K in June; annual pay up 4.9% | ROI-NJ
Private-sector employment rose in June; however, although solid, job growth has not been broad-based. Employment rose by 150,000 jobs last month and annual pay was up 4.9%, according to the most recent ADP National Employment Report, released Wednesday.
“Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month,” Nela Richardson, chief economist, ADP, said.
When looking at where the jobs surfaced, the service-providing sector saw the biggest increases. Leisure/hospitality added 63,000 jobs, Professional/business services increased by 25,000 positions, and Trade/transportation/utilities rose by 15,000 spots.
Medium sized establishments, those with 50-499 employees, experienced the largest bump in additions, with 88,000 jobs added.
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