(ABM FN-Dow Jones) Private sector employment in the United States rose less than expected in June. This was revealed on Wednesday from figures from payroll processor ATP.

The number of jobs rose by 150,000 after a correction of 157,000 a month ago. It was first reported that 152,000 jobs were added in May. Economists expect 160,000 job gains in June.

Payrolls rose 4.9 percent year over year, the report said, following a 5.0 percent increase a month earlier. The number of employees who changed jobs rose by 7.7 percent. It was 7.8 percent a month ago.

“Job growth was solid, but not broad-based. Had it not been for the recovery in hiring in the leisure and hospitality sector, June would have been a gloomy month.ADP Chief Economist Nela Richardson said in a statement.

Source: ABM Financial News

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