U.S. employment up 177K in June, ADP says

By Emily Bader
United States | Jul 5, 2018 at 12:59 pm

Private-sector employment grew by more than 175,000 in June, according to Roseland-based ADP.

The payroll and human resources company said in its monthly ADP National Employment Report the number of jobs grew by 177,000 positions from May to June, just 1,000 jobs less than last month’s figures.

“The labor market continues to march towards full employment,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Healthcare led job growth once again and trade rebounded nicely.”

Midsized companies of 50 to 499 workers led the way, adding 80,000 positions. Large firms of 500 or more workers added 60,000, while small businesses of under 50 employees added 29,000.

Mark Zandi, chief economist of Moody’s Analytics, said, “Business’ number one problem is finding qualified workers. At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes.”

Among the Top 10 sectors surveyed by ADP, the service-producing sector led, adding 148,000 new positions compared with 29,000 in the goods-producing market.

Under the service sector, the education and health services industry dominated, adding 46,000 new positions, while the leisure and hospitality industry, and professional and business services industry, both added 33,000. The trade/transportation/utilities industry added 24,000 new jobs, while the financial activities industry and other services industry added 7,000 each. The information industry was the only one that came in at a negative, with a loss of 2,000 jobs.

Under the goods sector, construction jobs led the way, adding 13,000 new positions, while manufacturing added 12,000 and natural resources and mining added 5,000.

Emily Bader | ebader@roi-nj.com | emilybader