Business & Economy · 29 views
Businesses added 98,000 jobs in June, ADP says. Labor market is on the mend, but it’s still not great.
ADP said U.S. businesses 98,000 new jobs in June — the smallest increase in three months. The payroll processor said hiring was slow but demand for labor was improving.
AI Summary
The recent job market data from ADP indicates a moderate recovery in the labor market. Businesses added 98,000 new jobs in June, marking the smallest increase in three months. This development suggests that hiring is still slow, but there is an improvement in demand for labor. The pace of job growth may not be as robust as some had hoped, but it is a step in the right direction. The significance of this development lies in its indication that the labor market is slowly healing, but it is still not in a strong position.
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