According to ADP, hiring rose by 98,000 in June, which is lower than expectations. File Photo by Jim Ruymen/UPI | License Photo
July 1 (UPI) -- Employers hired fewer employees than expected in June with the most gains in healthcare, according to an ADP report released Wednesday.
Private sector employment grew by a seasonally adjusted 98,000 for the month, which is down from the unrevised 122,000 in May and below the Dow Jones forecast of 110,000, ADP reported.
The nonfarm payrolls are expected to be released Thursday from the Bureau of Labor Statistics. ADP's numbers recently have typically been lower than the BLS reports recently, which have shown higher job creation, CNBC reported.
"The pace of hiring is telling a story of both supply and demand. We know it's taking people longer to find work, but there also are signs of labor supply constraints in certain industries. For now, the overall effect is a slowdown in job creation," Nela Richardson, chief economist at ADP, said in a statement.
