Washington - Job growth in the US private sector missed analysts' expectations in June, payroll firm ADP said Wednesday, with industries showing mixed performances.Private sector employment was up 98,000 overall, lower than the 110,000 anticipated by economists surveyed by Dow Jones Newswires and The Wall Street Journal.The figures come a day ahead of an official jobs report, which will be closely monitored as analysts gauge the health of the world's biggest economy amid stresses from conflict in the Middle East.The hiring figure for June released Wednesday also marked a slowdown from the 122,000 jobs added in May."Job creation was uneven in June," the ADP report said.While gains were seen in the financial activities and information sectors, hiring was weak for a sixth month in leisure and hospitality."We know it's taking people longer to find work, but there also are signs of labor supply constraints in certain industries," ADP chief economist Nela Richardson added in a statement."For now, the overall effect is a slowdown in job creation," she said.Among industries, mining lost 5,000 jobs and manufacturing added 5,000 roles.Education and health services employment was up by 48,000, but leisure and hospitality gained just 2,000 jobs.While salary gains for those who remained in their jobs "held steady in June," those who changed jobs saw year-on-year pay growth pick up to 6.6 percent.
US private sector job growth misses expectations in June: ADP
US private sector job growth in June fell short of expectations, adding only 98,000 positions. This marks a slowdown from May's figures, with mixed industry performances. While finance and information sectors saw gains, leisure and hospitality hiring remained sluggish for the sixth consecutive month. This trend suggests a cooling job market, with economists closely watching upcoming official reports.
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