ADP payroll report: Private sector employers created 157,000 jobs in June
Washington, D.C., United States
July 7, 2011 04:39 pm EDT
Labor, Employment, Economy, Business And Finance, Economy, Labor, Unemployment
Private sector employers added 157,000 jobs from May to June that was not enough to make much difference in the unemployment rate but it was better than analysts had expected, according to the ADP National Employment Report.
ADP is a payroll processor. According to ADP, 130,000 of the jobs were in the services sector.
Economists say that the nation needs to create from 120,000 to 200,000 jobs monthly to keep up with new people entering the labor force for the first time. So the 157,000 jobs created in June basically covered growth in the workforce but did nothing to decrease the nation's 9.1 percent unemployment rate.
However, the 157,000 jobs created in June was much better than the 36,000 that private sector businesses created in May.
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