Private Sector Adds Surprisingly Strong 281,000 Jobs in June, ADP Says

Private Sector Adds Surprisingly Strong 281,000 Jobs in June, ADP Says

By Jim Puzzanghera, Los Angeles Times

WASHINGTON — Private employers added a surprisingly strong 281,000 net new jobs in June, the most since late 2012, payroll firm Automatic Data Processing Inc. said Wednesday.

The figure was up sharply from 179,000 in May and is a positive sign heading into Thursday’s official jobs report from the Labor Department.

Analysts had expected the closely watched ADP report to show that private-sector job growth improved in June, but had anticipated an increase of just 213,000.

The June figure was the best since ADP reported 293,000 net new private-sector jobs in November 2012.

“The job market is steadily improving,” said Mark Zandi, chief economist of Moody’s Analytics, which assists ADP in preparing the report.

“Job gains are broad-based across all industries and company sizes,” he said. “Judging from the job market, the economic recovery remains fully intact and is gaining momentum.”

Economists project that the government will report on Thursday that the economy added about 211,000 net new jobs in June, down from 217,000 the previous month. The unemployment rate is forecast to hold at 6.3 percent, its lowest level since September 2008.

AFP Photo/Mark Wilson

Interested in economic news? Sign up for our daily email newsletter!

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Trump Infuriated By Reports He Fell Asleep In Court

Donald Trump in Manhattan courtroom

Image by Jane Rosenberg via REUTERS

During his public remarks in between courtroom appearances, former President Donald Trump has consistently spoken with a defiant tone about the charges he's facing and in maintaining his innocence. However, a new report suggests that he is privately seething with rage about everything from how he's been depicted in official court sketches to various unflattering news reports.

Keep reading...Show less
With Passage Of Aid Bill, It's Ukraine 1, Putin Republicans 0

Presidents Joe Biden and Volodymyr Zelensky outside Mariyinski Palace in Kyiv, Ukraine on February 20, 2023

That whisper of wind you heard through the budding leaves on trees this afternoon was a sigh of relief from soldiers on the front lines in Luhansk and Donetsk and Zaporizhzhia as the House of Representatives overcame its Putin wing and passed the $95 billion aid package which included $61 billion in aid to Ukraine.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}