ADP's employment reportshowed that US private payrolls grew by 2.37 million in June, less than the 2.8 million that economists surveyed by Bloomberg expected.
"Small business hiring picked up in the month of June," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, in a statement. "As the economy slowly continues to recover, we are seeing a significant rebound in industries that once experienced the greatest job losses.
In June, hiring was especially strong in leisure and hospitality, which added 916,000 jobs during the month. Trade and transportation gained 288,000 payrolls, and construction also added 394,000 jobs during June. These three industries accounted for about 70% of all jobs added in the month, said Yildirmaz.
It’s good to keep news positive. But, majority of the companies have reduced overhead (people). The positive numbers are those furloughed during lockdown. Also, the world is discussing inequality. So, all professionals will not be called back fairly. This is fact.
You mean furloughed workers going back to work. Its critical that these number be communicated accuartely b/c ppl will interpret this as the economy is making a come back- false. Companies are NOT hiring net new employees. They have hiring freezes and are still laying ppl off.
Those are furloughed workers being called back, let's make that clear.
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