ADP Inc.

Private-sector job growth beats expectations in June, signaling a labor market rebound

Private-sector job growth beats expectations in June, signaling a labor market rebound

Businesses added 172,000 net new jobs last month, payroll firm Automatic Data Processing said Thursday, stronger than expected growth that signals a labor market rebound after a surprisingly anemic May.

The figure was better than the 150,000 job gains economists had forecast and a slight improvement over May’s downwardly revised 168,000.

“Job growth revived last month from its spring slump,” said Mark Zandi, chief economist at Moody’s Analytics, which assists ADP in preparing the report.

The data were consistent with analyst expectations that Friday’s Labor Department report will show that job growth bounced...

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