U.S. Private-Sector Hiring Accelerated in June, ADP Says
06 Julho 2023 - 10:18AM
Dow Jones News
By Dean Seal
Hiring among U.S. private-sector employers accelerated in June
on strength among consumer-facing service industries, according to
data from the ADP National Employment Report released Thursday.
Employment in the nonfarm private sector increased by 497,000,
compared with 267,000 in May, ADP said. Economists polled by The
Wall Street Journal expected private employment to rise by
220,000.
May's reading was revised down from an initial estimate of
278,000.
Annual wage growth slowed again in June to 6.4% from 6.6% in
May, according to the survey. Pay data is based on the salaries of
almost 10 million individual employees over a 12-month period.
"Consumer-facing service industries had a strong June, aligning
to push job creation higher than expected," said Nela Richardson,
chief economist, ADP. "But wage growth continues to ebb in these
same industries, and hiring likely is cresting after a late-cycle
surge."
The ADP estimate is based on aggregated payroll data of more
than 25 million U.S. workers and is independent from U.S. Labor
Department official data. The ADP series can diverge considerably
from the Labor Department's data.
Employment gains were led by consumer-facing services, with
leisure-and-hospitality, trade and transportation, and education
and health services also showing strength. But the market was
fragmented, with manufacturing, information and finance jobs seeing
declines, APD said.
Small- and medium-sized businesses respectively added 299,000
and 183,000 jobs, while large businesses logged a reduction of
8,000 jobs.
By region, the most jobs were gained in the Northeast and
Midwest, while the South saw some pullback.
Goods producers added 124,000 jobs, with 97,000 new payrolls in
construction and 69,000 in natural resources and mining. Meanwhile,
manufacturing lost 42,000 jobs.
The U.S. Labor Department is scheduled to release its employment
report Friday. Economists polled by the Journal expect nonfarm
payrolls to increase by 240,000 in June, and the unemployment rate
is forecast to edge down to 3.6%.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
July 06, 2023 09:03 ET (13:03 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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