ADP Reports Weak Private Job Growth

Roseland, NJ, June 30, 2010–Private-sector firms created 13,000 more U.S. jobs in June, according to the ADP employment report released Wednesday.

Economists had been expecting the ADP report to show a 65,000 increase.

Job growth was “disappointingly weak,” said Joel Prakken, chairman of Macroeconomic Advisers, which produces the report from anonymous payroll data supplied by ADP.

Private-sector employment has increased five months in a row, averaging a “lethargic” 34,000, Prakken said. The ADP report has been significantly weaker than the official Bureau of Labor Statistics data, which have reported an average monthly increase of 99,000 in private-sector payrolls so far this year.

Private-sector job growth was revised higher in May to 57,000 from 55,000 earlier, ADP said.

Employment in the goods-producing sectors fell by 17,000 in June, ADP said. Manufacturing jobs increased by 16,000, the fifth straight gain.

Employment in services rose by 30,000.