Private employers added 281,000 jobs in June, payroll processor ADP said Wednesday, raising hopes that a solid labor market surged further last month, reported USA Today.
Economists had estimated ADP would report 205,000 payroll additions.
Private employers added 281,000 jobs in June, payroll processor ADP said Wednesday, raising hopes that a solid labor market surged further last month, reported USA Today.
Economists had estimated ADP would report 205,000 payroll additions.
The job gains are the most ADP has reported since November 2012.
ADP's report generally reflects the same broad trends in hiring as the Labor Department's survey, which is due Friday and compiles net job additions from both governments and businesses. But the ADP report often differs noticeably from Labor's survey. Last month, ADP said businesses added 179,000 jobs, while Labor reported 216,000 private sector gains and 217,000 overall.
In June, small businesses added 117,000 jobs, mid-size ones, 115,000 and large companies, 49,000, ADP reported.
The payroll gains were also broad-based across sectors. Professional and business services led, with 77,000 additional jobs. Trade, transportation and utilities added 50,000 and construction firms, 36,000.
"The job market is steadily improving," says Mark Zandi, chief economist of Moody's Analytics, which helps ADP compile the report. "Judging from the job market, the economic recovery remains fully intact and is gaining momentum."
The economy added an average 231,000 jobs a month from February through May despite harsh winter weather that battered first- quarter growth and consumer spending that has slowed recently.

The recent 700Credit cyberattack is a wake-up call for agents and dealers. Review disclosures and tighten vendor oversight to maintain compliance and preserve customer trust.
Read More →
Update your F&I training program to include the three warning signs of a bust-out, or a nefarious, two-pronged form of bank fraud that leaves dealers and finance sources holding the bag.
Read More →
Auto dealerships work better when all staffers own their duties.
Read More →
Agents should build this muscle to make themselves and their dealer clients strong.
Read More →
Survey finds it inched up this year, but consumers crave more communication
Read More →
Register for Allstate's FREE webinar on Oct. 21
Read More →
Good, old-fashioned work ethic will get you where you want to go.
Read More →
Agents must have the ability to recognize and prepare to address high-risk compliance issues and offer solutions to dealer clients.
Read More →
It’s what you do with your available tools that really matters.
Read More →
Reahard & Associates just released a new version of its recording and review service for F&I pros.
Read More →