Another Stimulus Fail: Only 13,000 Private Sector Jobs Added In June

Try as they might, there is no way to put a shine on this.

US private employers added a paltry 13,000 jobs in June, compared to a revised gain of 57,000 in May, a report by a payrolls processor showed on Thursday.

The May figure was originally reported as a gain of 55,000.

The median of estimates from 30 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers, was for a rise of 60,000 private-sector jobs in June.

The ADP figures come ahead of the government’s much more comprehensive labor market report on Friday.

That report is expected to show a fall in nonfarm payrolls of 110,000 in June overall, as many temporary workers hired to complete the government’s decennial census were laid off.

Recovery summer!

Advertisements

6 thoughts on “Another Stimulus Fail: Only 13,000 Private Sector Jobs Added In June

  1. As soon as the unicorn delivers my property tax rebate that Deval ” No Use ” Patrick promised, I’ll buy some stuff which will er um make companies hire people and stuff which will er um like fix the economy ..

    or something.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s