Reported 12 months ago
US private payrolls growth fell short of expectations in June, with a reported increase of 150,000 jobs compared to the forecasted 160,000. The ADP Employment report revealed a slowdown in labor market momentum, indicating a trend of lower private employment growth. Economists anticipate the upcoming BLS employment report to show a decrease in private-sector job creation and total payrolls compared to the previous month. The unemployment rate is expected to remain steady at 4.0%.
Source: YAHOO