Episode Details

Job market slows as ADP reports 98K private sector hires in June—below expectations and down from May’s 122K. Services led the gains, with education/health adding 48K, finance 14K, and trade/transport 15K. Mining lost 5K, the only sector in decline. Hospitality remains sluggish, adding just 2K. Smaller firms (under 50 employees) drove most hiring (53K). ADP’s chief economist warns of supply-demand bottlenecks: longer job searches meet worker shortages. Government’s upcoming report—expected to show 115K jobs—is likely to paint a rosier picture.

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