Private sector employment increased by 497,000 jobs in June and annual pay was up 6.4 percent year-over-year, according to the June ADP® National Employment ReportT produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab (“Stanford Lab“).
The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market. The report details the current month’s total private employment change, and weekly job data from the previous month. ADP’s pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.
“Consumer-facing service industries had a strong June, aligning to push job creation higher than expected,” said Nela Richardson, chief economist, ADP. “But wage growth continues to ebb in these same industries, and hiring likely is cresting after a late-cycle surge.”
June 2023 Report Highlights*
View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.
Jobs Report
Private employers added 497,000 jobs in June
Job creation surged in June, led by consumer-facing services. Leisure and hospitality, trade and transportation, and education and health services showed strong gains. Still, the market was fragmented, with manufacturing, information, and finance showing declines.
Change in U.S. Private Employment: 497,000
Change by Industry Sector
– Goods-producing: 124,000
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Natural resources/mining 69,000
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Construction 97,000
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Manufacturing -42,000
– Service-providing: 373,000
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Trade/transportation/utilities 90,000
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Information -30,000
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Financial activities -16,000
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Professional/business services -5,000
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Education/health services 74,000
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Leisure/hospitality 232,000
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Other services 28,000
Change by…
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