The American private employment market stalled in June, with job creation below expectations according to the ADP/Stanford Lab survey.
Net job creation in the private sector slowed last month in the United States, according to the regular ADP/Stanford Lab survey published Wednesday. According to this barometer, private companies overall created 98,000 jobs in June, compared to 122,000 in May. Investors expected just over 110,000, according to the consensus published by Trading Economics.
Hiring was therefore very modest in the hotel and catering sector, with 2,000 net creations. The mining sector destroyed jobs, with a negative balance of 5,000 positions in June.
A less fluid labor market
“We know that people are taking longer to find work, but we also observe that certain sectors are struggling to find the necessary workforce,” observes the economist in charge of the survey, Nela Richardson, quoted in a press release. “For the moment, this generally translates into a slowdown in job creation,” she adds.
ADP data allows us to take the pulse of the American labor market ahead of the official publication of employment figures, scheduled for Thursday. However, they have a reduced spectrum.
