Private Sector Adds More Jobs Than Expected in June

U.S. private employers added far more jobs than expected in June, bouncing back from a surprise slump the month before, a report by a payrolls processor showed on Thursday.

The private sector added 157,000 jobs last month, exceeding expectations for a gain of 68,000, according to a Reuters survey of economists.

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The report is jointly developed with Macroeconomic Advisers LLC.