US private-sector job growth in June came in below expectations.
Automatic Data Processing (ADP), a US employment data firm, said Tuesday that US private employment rose by 98,000 in June from the previous month.
The figure was down from May's 122,000 and below the 110,000 forecast by economists surveyed by Dow Jones.
By industry, the education and health services sector led overall job growth with an increase of 48,000. Trade, transportation and utilities (15,000) and financial activities (14,000) also posted gains, while the natural resources and mining sector was the only one to decline, falling by 5,000. Leisure and hospitality, seen as an indicator of economic demand, rose by just 2,000, continuing its sluggish trend this year.
"The job search process is getting longer, but there are also signs of labor supply constraints in certain industries," said Nela Richardson, ADP chief economist. "For now, the overall impact is showing up as a slowdown in job creation."
The ADP private employment report is a survey based on information collected by a private data firm and may differ from the nonfarm payrolls data officially compiled by the US government.
