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Private nonfarm payrolls rose 150K in June, compared with an upwardly revised 157K in May, according to ADP’s monthly labor market measure out Wednesday.
The rise of 150K was below economists expectations for a rise to 163K.
“Job growth has been solid, but not broad-based,” ADP Chief Economist Nela Richardson said. “Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month.”
The weaker-than-expected private payrolls numbers come ahead of the official June jobs report on Friday. But ADP has been a poor predicting of federal payrolls data, especially since a change of methodology, economists have said.