ADP Report Indicates Solid Private Sector Job Creation in June, Capping Strong Three-Month Hiring Streak

The U.S. labor market is showing signs of resilience, with solid private sector job creation in June, according to ADP. This marks the best three-month stretch for hiring in over a year, as company payrolls rose by 98,000 last month. These figures support the view that the labor market has strengthened after several months of uneven hiring.