Private sector employment increased by 177,000 jobs, ADP report shows

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Thursday, Jul 05 2018

Private sector employment increased by 177,000 jobs, ADP report shows

Private sector employment increased by 177,000 jobs from May to June according to the June ADP National Employment Report. “The labor market continues to march towards full employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Healthcare led job growth once again and trade rebounded nicely.”

Mark Zandi, chief economist of Moody’s Analytics, said, “Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes.”

More in this category: « German industrial orders jump in May, but backdrop risky Non-Manufacturing PMI rose to 59.1 »

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