06 Jul '23 at 8:38 am #61624
Participant
According to ADP, private sector hiring increased by 497,000 in June (consensus 245,000) following a downwardly revised 267,000 (from 278,000) in May.
Jobs in the goods-producing sector increased by 124,000 while jobs in the service-providing sector surged by 373,000.
Small and medium businesses led the hiring, registering gains of 299,000 and 183,000, respectively, versus a decline of 8,000 positions at large establishments.