U.S. Private Sector Adds 150,000 Jobs in June, Annual Pay Up 4.9%

Jul 3, 2024, 12:17 PM

The U.S. private sector added 150,000 jobs in June, according to the ADP Employment Change report. This figure is below the expected 165,000 jobs and the revised 157,000 jobs added in May. The leisure and hospitality sector contributed significantly with 63,000 jobs, preventing a more downbeat month. The data indicates a slowing momentum in the labor market, with small firms and manufacturing sectors showing weakness. Annual pay was up 4.9%.