According to the ADP National Employment Report for June, 2024, private employers added 150k jobs in May – slowing for the third consecutive month. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees.“Job growth has been solid, but not broad-based…Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month.” Said ADP chief economist Nela Richardson.
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