As we await the government’s monthly jobs report this morning to reflect June hiring, we do know this: Earlier in the week ADP released their monthly National Employment Report and it’s looking good! ADP reported a general increase in hiring.
Private sector employment increased by 188,000 jobs from May to June. In addition, the number for May’s job’s gains were decreased to 134,00 from an initially reported 135,000.
As for the report itself, it’s calculated from ADP’s payroll data. Numbers reflect the change in total nonfarm private employment on a seasonally adjusted basis.
The June number reflects slight improvements in the market to reflect a growth in professional/business service jobs by 40,000.