U.S. Private Employers Added 21,000 Weekly Jobs by June 20 as Hiring Slowed for 2nd Week
Updated
Updated · PR Newswire · Jul 7
U.S. Private Employers Added 21,000 Weekly Jobs by June 20 as Hiring Slowed for 2nd Week
3 articles · Updated · PR Newswire · Jul 7
Summary
ADP's NER Pulse showed U.S. private employers added an average 21,000 jobs a week in the four weeks ended June 20, the weakest reading in the 12-week series.
That average fell from 24,250 in the prior week and from 30,750 two weeks earlier, extending a second straight weekly slowdown in hiring momentum.
ADP said the figures are preliminary, seasonally adjusted estimates based on a four-week moving average of high-frequency payroll data and carry a two-week reporting lag.
The weekly pulse offers an early read on private-sector labor demand ahead of the next update due July 14, with the data pointing to a softer hiring trend into late June.