1 Jul 2015
US ADP says private sector added 237K jobs in June
FXStreet (Mumbai) - The data released by the Automatic Data Processing, Inc, (ADP) showed the US labour market continues to strengthen, which cements the expectation of a September rate hike in June, and supports Fed’s case of two rate hikes in 2015.
The ADP report showed private sector in the US added 237,000 jobs in June. Economists had called for the report to show private employers added 218,000 jobs in June, compared to the upwardly revised 203,000 additions (previously reported at 201K) seen in May.
Small sized firms (1-49 employees) added 120K jobs, Mid-sized firms (50-499 employees) added 86K jobs, and Large sized firms (500+ employees) added 32K jobs. Sector wise details reveal 225K jobs were added by the service industry, while the goods-producing sector added 12K jobs in May.
The ADP report showed private sector in the US added 237,000 jobs in June. Economists had called for the report to show private employers added 218,000 jobs in June, compared to the upwardly revised 203,000 additions (previously reported at 201K) seen in May.
Small sized firms (1-49 employees) added 120K jobs, Mid-sized firms (50-499 employees) added 86K jobs, and Large sized firms (500+ employees) added 32K jobs. Sector wise details reveal 225K jobs were added by the service industry, while the goods-producing sector added 12K jobs in May.