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News : US Economy Last Updated: Jul 4, 2013 - 9:06 AM


US private sector employment increased by 188,000 in June
By Finfacts Team
Jul 4, 2013 - 7:53 AM

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US private sector employment increased by 188,000 jobs from May to June, according to the June ADP National Employment Report. The report is derived from ADP’s actual payroll data and measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. May’s job gains were revised downward to 134,000 from 135,000.

On Friday the Bureau of Labor Statistics will publish the June employment report, which will include the public sector.

Goods-producing employment rose by 27,000 jobs in June, its largest increase in four months.  Construction payrolls rose by 21,000 in June, its biggest gain since January, while manufacturers added 1,000 jobs following a two-month decline.

The service-providing sector added 161,000 jobs in June, its largest increase since February and greater than the sector’s average gain of 146,000 through the first five months of the year. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities added the most jobs with 43,000 over the month – its strongest increase since the start of 2013. Professional/business services grew by 40,000 jobs, and financial activities added 13,000 jobs, nearly double the average monthly pace through the first five months of the year.

"During the month of June, the U.S. private sector added 188,000 jobs, driven by gains across all sizes of businesses, and with small companies showing the largest overall monthly increase," said Carlos A. Rodriguez, president and chief executive officer of ADP. "Most notably, the goods-producing sector added 27,000 jobs in June, a marked improvement over the decline the previous month."

Mark Zandi, chief economist of Moody’s Analytics, said, "The job market continues to gracefully navigate through the strongly blowing fiscal headwinds. Health Care Reform does not appear to be significantly hampering job growth, at least not so far. Job gains are broad based across industries and businesses of all sizes."

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