Private sector job growth slows in June to just 150,000, worse than expectedJuly 03, 2024 at 08:19 AM EDT
Hiring by private U.S. companies rose less than forecast in June, a sign that the labor market is starting to slow in the face of higher interest rates.
Hiring by U.S. companies slowed more than expected in June, pointing to a labor market that is continuing to cool in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning. Companies added 150,000 jobs last month, missing the 160,000 gain that economists surveyed by Refinitiv predicted and down from the revised 157,000 figure in May. This is a developing story. Please check back for updates. 
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