ToplineHealthcare-related sectors boosted private-sector employment in June as more jobs were added than expected, but the labor market is experiencing a “slowdown” in new jobs, according to data published Wednesday by the payroll processing firm ADP.Nearly half of all job creation for private employers last month came from the education and health services sector.Getty ImagesKey FactsPrivate sector payrolls rose by 98,000 in June, ADP reported, down from May’s 122,000 added jobs, but above consensus analyst estimates of 92,500, according to FactSet.The education and health services sector accounted for nearly half of all payroll growth, with 48,000 new jobs, followed by trade, transportation and utilities (15,000), financial activities (14,000), information (7,000) and professional and business services (2,000).Businesses with fewer than 50 employees added 53,000 jobs, while companies that employ 500 or more saw a gain of 25,000.crucial quote“The pace of hiring is telling a story of both supply and demand,” Nela Richardson, ADP’s chief economist, said in a statement. “We know it’s taking longer for people to find work, but there are also signs of labor supply constraints in certain industries. For now, the overall effect is a slowdown in job creation.”what to watch forADP’s private-sector data precedes the broader employment report from the Bureau of Labor Statistics on Thursday. The U.S. is expected to have added 100,000 nonfarm jobs in June, down from a surge of 172,000 in May, 179,000 in April and 214,000 in March, with the unemployment rate projected to remain at 4.3%. big number22.5%. That’s the percentage of consumers who said jobs were “hard to get” in June, the highest level since January 2021, according to the Conference Board’s consumer confidence survey, which noted more Americans project little change in the job market six months from now.key backgroundThe job market, which appeared sluggish as the new year began, has exceeded expectations in recent months, even as inflation remains above the Federal Reserve’s 2% goal. After May’s jobs data surpassed estimates, President Donald Trump celebrated by writing that “growth does not mean inflation!” Federal data indicate a surge in new jobs, but fewer Americans appear to be working: The labor participation rate, or the percentage of people working or looking for work, was 61.8% in May, the lowest since December 2021.further readingForbesSmall Businesses Boosted Private Sector Employment Last Month—These Industries Added The Most JobsBy Ty Roush
Private Payrolls Impressed In June But ‘Slowdown’ Persists—These Sectors Hired Most
Nearly half of all job creation for private employers last month came from the education and health services sector.










