The latest ADP employment report shows that the private sector gained 2,369,000 jobs in June. May figures saw a huge upward revision to 3.06 million jobs added compared 2,760,000 jobs lost as originally reported the month before. Small businesses saw most of the growth in June, with most of the gains in the services sector accounted for most of the growth in June. The US economy is slowly showing signs of recovery from the economic downfall that began in March.

Key Takeaways

• The private sector added 2.36 million jobs in June vs. 3.06 million in May and 3.0 million expected.
• Most of the growth was in the services sector, and small businesses added the most jobs.
• May’s figures were revised upward by over 5.7 million jobs.

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