https://k4i.com/tags/adp/ Recent content in ADP on k4i.com Hugo en-us Wed, 01 Jul 2026 00:00:00 +0000 https://k4i.com/adp-june-payrolls-miss-at-98000-healthcare-carries-a-cooling-labor-market/ Wed, 01 Jul 2026 00:00:00 +0000 https://k4i.com/adp-june-payrolls-miss-at-98000-healthcare-carries-a-cooling-labor-market/ <p>Private employers added just 98,000 jobs in June, according to the ADP National Employment Report released Wednesday, missing the Dow Jones consensus of 110,000 and down sharply from May&rsquo;s unrevised 122,000. The miss lands one day ahead of the Bureau of Labor Statistics&rsquo; more closely watched nonfarm payrolls count for June, due Thursday.</p> <h2 id="the-headline-number-undersells-the-composition-problem">The headline number undersells the composition problem</h2> <p>Nearly all of June&rsquo;s job growth came from services, and within services, one sector did the heavy lifting: education and health services alone accounted for 48,000 of the 98,000 total, roughly half. Trade, transportation and utilities added 15,000, financial activities 14,000, and other services 8,000. Goods-producing industries barely registered — manufacturing added 5,000, construction just 2,000 — while natural resources and mining was the only sector to shed jobs, down 5,000. Leisure and hospitality, often read as a proxy for consumer demand, added only 2,000 positions.</p>