- Construction: 27,000 jobs
- Professional and Business Services: 25,000 jobs
- Other Services: 16,000 jobs
- Trade, Transportation, and Utilities: 15,000 jobs
Conversely, several sectors experienced declines:
- Natural Resources and Mining: -8,000 jobs
- Manufacturing: -5,000 jobs
- Information: -3,000 jobs
ADP’s chief economist, Nela Richardson, highlighted that while job growth has been solid, it has not been widespread. “Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month,” she said.
Wage Growth and Job Creation Factors
The pace of wage increases for those staying in their jobs also slowed, with a year-over-year rise of 4.9%, marking the smallest increase since August 2021. For job switchers, wage growth was at 7.7%, continuing a downward trend.
Job creation was most prominent…
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