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Home Economy

ADP: Over 2 Million Jobs Gained in June

July 1, 2020
Reading Time: 1 min read

The non-farm private sector added 2,369,000 jobs in June, according to the ADP National Employment Report. This follows a revised May increase of 3,065,000 jobs.

Small businesses with fewer than 50 employees added 937,000 jobs. Medium-sized businesses with 50-499 employees gained 559,000, while large businesses added 1,604,000 jobs.

“Small business hiring picked up in the month of June,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses. In fact, 70 percent of the jobs added this month were in the leisure and hospitality, trade and construction industries.”

Service-providing employment led the increase with 1,912,000 jobs added, driven by the leisure/hospitality and trade/transportation/utilities industries, which gained 961,000 and 288,000 jobs respectively.

Goods-producing employment increased by 457,000 jobs. The manufacturing and construction industries added 88,000 and 394,000 jobs. Natural Resources/mining employment lost 26,000 jobs.

Read the ADP report.

Tags: ADP employment
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