US: Private sector employment increased by 158,000 jobs in June - ADP

Private sector employment increased by 158,000 jobs from May to June according to the June ADP National Employment Report.

Key quotes from the official report:

• “Despite a slight moderation in the month of June, the labor market remains strong,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.
• “For the month of June, jobs were primarily created in the service-providing sector.” 
• Mark Zandi, chief economist of Moody’s Analytics, said, “The job market continues to power forward. Abstracting from the monthly ups and downs, job growth remains a stalwart between 150,000 and 200,000. At this pace, which is double the rate of labor force growth, the tight labor market will continue getting tighter.”