WASHINGTON, D.C. — Private sector employment cooled unexpectedly in June, payroll firm ADP said on Wednesday, with job creation slowing for a third month.
Job gains came in at 150,000, below the Briefing.com consensus estimate of 163,000 and down from May's revised 157,000 figure, said the report.Policymakers have been looking to a cooler labor market — alongside lower inflation — as they mull the right time to begin interest rate cuts.
'But she added that without a hiring rebound in leisure and hospitality, 'June would have been a downbeat month.'Most of the jobs added were in service industries, with roles in leisure and hospitality bouncing the most by 63,000.Other segments like professional and business services added 25,000 jobs.The overall goods-producing sectors added 14,000 jobs, with losses in natural resources and mining, as well as in manufacturing, offset by an increase in construction.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Project Eight Initiative's Jasser June Cruz attends GoNegosyo Tourism Summit 2024A convergence of industry leaders, policymakers, and entrepreneurs, served as a platform for discussing the future of tourism and its impact on community development and economic growth
Read more »
Inflation could hit 4.2% in June – Bangko SentralHIGHER food prices, a weaker peso and costlier fuel could push inflation beyond target this month, the Bangko Sentral ng Pilipinas (BSP) said Friday.
Read more »
Private college entrance exams now free for poorA bill mandating private higher education institutions to waive college entrance examination fees and charges of poor but qualified students has lapsed into law.
Read more »
The STAR Cover (June 29, 2024)The STAR Cover (June 29, 2024)
Read more »
Lotto results for June 28, 2024EZ2/LVM - 12 7 SUERTRES - 2 2 0 6D Lotto - 0 8 7 5 6/45 Lotto - 42 13 16 14 18 26 P8,910,000.00 6/58 Ultra Lotto - 44 18 4 1 42 58 P49,500,000.00
Read more »
Kanlaon Volcano sulfur dioxide reaches record high on June 28'This is the highest emission from the volcano recorded since instrumental gas monitoring began,' says Phivolcs
Read more »