• U.S. private employers add 2,369,000 jobs in June - ADP

Market news

1 July 2020

U.S. private employers add 2,369,000 jobs in June - ADP

The employment report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics showed on Wednesday the U.S. private employers added 2,369,000 jobs in June.

Economists had expected an increase of 3,000,000.

The May number saw a dramatic upward revision to 3,065,000 from the originally reported -2,760,000.

“Small business hiring picked up in the month of June,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses. In fact, 70 percent of the jobs added this month were in the leisure and hospitality, trade and construction industries.”

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