ADP Data Showed a Slowdown of US Employment Growth

Data from Automatic Data Processing (ADP) showed that the growth rate of employment in the private sector of the US slowed in June stronger than expected.

According to the report, the number of employed increased by 158 thousand people in June, compared with the revised downward indicator for May at 230 thousand (originally reported growth of 253 thousand). Analysts had expected the number of employees to increase by 185 thousand.