June private payrolls rose by 157,000: ADP (by Greg Robb)
WASHINGTON (MarketWatch) - Companies in the U.S. private sector added 157,000 jobs in June, according to Automatic Data Processing Inc's employment report released Thursday. The gain follows a revised gain of just 36,000 in May, down from the initial estimate of a 38,000 gain. The June reading was well above analysts' expectations of a gain near 70,000. According to ADP, the goods-producing sector added 27,000 jobs in June, including 24,000 in manufacturing. The service sector added 130,000 jobs.