ADP Reports Private Sector Employment Increased by 692,000 Jobs in June

According to the June ADP® National Employment Report™, nonfarm private sector employment private sector employment increased by 692,000 jobs from May to June. The ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally adjusted basis. In prepared remarks for the release of the report, Nela Richardson, chief economist, ADP said, . “The labor market recovery remains robust, with June closing out a strong second quarter of jobs growth. While payrolls are still nearly 7 million short of pre-COVID19 levels, job gains have totaled about 3 million since the beginning of 2021. Service providers, the hardest hit sector, continue to do the heavy lifting, with leisure and hospitality posting the strongest gain as businesses begin to reopen to full capacity across the country.”