"368,000 private new jobs added in June"
Are you just lolling around the pool, enjoying the summer sunshine? If so, while you're lazing more and more Americans are working.
U.S. private sector employers created an estimated 368,000 jobs in June, compared with 122,000 jobs in the previous month, a report by a private employment service said on Wednesday.
The monthly ADP National Employment Report is based on payroll data and measures the change in total private sector nonfarm employment each month.
The report is released each month, two days before the government's own job survey of a net gain in nonfarm jobs in the U.S. private and public sectors.
"These findings indicate a strong acceleration of employment in June," said Joel Prakken, chairman of Macroeconomic Advisers, LLC, said in a statement. Macroeconomic Advisers developed the ADP report together with ADP Employer Services.
He separately told Reuters that private sector jobs growth in June was "broad—based," averaging around 218,000 over the last six months. "I'm pretty confident that jobs growth on Friday would be healthy and I wouldn't be surprised if it shows an acceleration."
Remember that, if for some reason you decide to vacation in Europe where unemployment is in the 10% range. No wonder they don't like us.
Ethel C. Fenig 7 6 06