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.

The report is jointly developed with Macroeconomic Advisers LLC.