ADP Says June Non-Farm Payrolls Increased 157,000

Employment in the U.S. non-farm private business sector rose 157,000 from May to June on a seasonally adjusted basis, according to the latest ADP National Employment Report, released Thursday.

The estimated advance in employment from April to May was revised down, but only slightly, to 36,000 from the initially reported 38,000.

The ADP National Employment Report estimates employment in the service-providing sector rose by 130,000 in June, nearly three times faster than in May, marking 18 consecutive months of employment gains.

Employment in the goods-producing sector rose 27,000 in June, more than reversing the decline of 10,000 in May. Manufacturing employment rose 24,000 in June, a sector that has seen growth in seven of the past eight months.

The figures are above the consensus forecast for ADP's report and for Friday's jobs number from the Bureau of Labor Statistics.

ADP said payroll employment growth at this pace usually implies a steady unemployment rate, perhaps even a modest decline. June's figures suggest that the economic recovery, which slipped in the spring, might have found new traction in early summer.

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