Private Sector Adds 237,000 Jobs In June: ADP
Private-sector hiring picked up in June, as employers added 237,000 jobs, ADP reported Wednesday. Economists polled by Dow Jones Newswires had expected a June gain of 220,000, compared with an originally reported increase of 201,000 in May. On Wednesday ADP tweaked May's gain to 203,000. Economists use ADP's data to get a feeling for the U.S. Labor Department's employment report, which will be released Thursday and covers government jobs in addition to the private sector. Economists polled by MarketWatch expect the government's report to show that nonfarm employment rose by 225,000 jobs last month, compared with a May gain of 280,000 jobs.
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