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In June, U.S. private sector payrolls rose 692,000, well above the 550,000 growth expected by economists surveyed by Dow Jones, but slowed from 886,000 in May. This is what emerges from the ADP report.
The May figure has been revised down from the +978,000 initially reported, although it still confirms the best trend since September 2020.
The greatest growth in employment occurred in the leisure and hotel sector, with an increase in payrolls of 332,000 units. The sector, which includes bars, restaurants, hotels and other related companies, has been the hardest hit by the effects of the Covid-19 pandemic.