Private-sector employment increased by 158,000 in June, on a seasonally adjusted basis, ADP estimated Thursday.

In May, ADP says 230,000 jobs were added, down from its earlier estimate of 253,000 jobs added.

Economists surveyed by IFR Markets projected a 187,000 job gain for June.

“The job market continues to power forward. Abstracting from the monthly ups and downs, job growth remains a stalwart between 150,000 and 200,000,” said Mark Zandi, chief economist of Moody’s Analytics. “At this pace, which is double the rate of labor force growth, the tight labor market will continue getting tighter.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.