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US private hiring slows in June to 692,000: ADP

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AFP

Washington (AFP) – Private US firms added 692,000 jobs in June, a sharp decline from May, according to payroll services firm ADP, but the result was far more than economists expected. The vast majority of positions were in the dominant services sector, while construction firms gained 47,000 and manufacturing just 19,000, the report said. And the data reflected the continuing recovery of sectors hardest hit by the Covid-19 pandemic shutdowns, with nearly half the gains — 332,000 — in leisure and hospitality. “The labor market recovery remains robust, with June closing out a strong second quar…

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