ADP reported US private payrolls rose 98,000 in June; private-sector wages were up 4.4% YoY. Employment gains were uneven: financial activities and information led growth, while leisure and hospitality hiring was weak for a sixth consecutive month. ADP chief economist Nela Richardson said, "The pace of hiring reflects both supply and demand. We know it is taking longer for people to find jobs, but some sectors show signs of labor supply tightness. For now, the net effect is slower employment gro

ADP reported US private payrolls rose 98,000 in June; private-sector wages were up 4.4% YoY. Employment gains were uneven: financial activities and information led growth, while leisure and hospitality hiring was weak for a sixth consecutive month. ADP chief economist Nela Richardson said, "The pace of hiring reflects both supply and demand. We know it is taking longer for people to find jobs, but some sectors show signs of labor supply tightness. For now, the net effect is slower employment growth."