Roseland, N.J. (PPD) — The ADP National Employment Report found private sector employment increased by 2,369,000 jobs in June and the prior month was revised to show historic job gains. The historic gains come after a historic loss in April.
“Small business hiring picked up in the month of June,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses. In fact, 70 percent of the jobs added this month were in the leisure and hospitality, trade and construction industries.”
While the headline number missed the forecast, a large and expected upward revision to the month prior more than makes up for the miscalculation. The May total of jobs added was revised from -2,760,000 to 3,065,000.
By Company Size
– Small businesses: 937,000
– Medium businesses: 559,000
– Large businesses: 873,000
– Goods-producing: 457,000
– Service-providing: 1,912,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
**Complete details on franchise employment can be found here.
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