US Companies Add 98,000 Jobs in June, ADP Says

ADP data showed private payrolls rose 98,000 in June, above the prior month’s 122,000 increase but slightly below the Bloomberg median forecast of 120,000. The modest miss versus expectations suggests a softer labor momentum, which may temper near-term rate-cut hopes. Likely limited market impact unless confirmed by the next official jobs report.

Analysis

ADP data showed private payrolls rose 98,000 in June, above the prior month’s 122,000 increase but slightly below the Bloomberg median forecast of 120,000. The modest miss versus expectations suggests a softer labor momentum, which may temper near-term rate-cut hopes. Likely limited market impact unless confirmed by the next official jobs report.