June private-sector jobs rise 176,000: ADP (by Ruth Mantell)
WASHINGTON (MarketWatch) -- Private-sector payrolls rose 176,000 in June, led by small businesses and the service-providing sector, according to the ADP (adp) employment report released Thursday. The May level was revised to a gain of 136,000 from a prior estimate of 133,000. Markets look to ADP's report on private-sector payrolls to provide some guidance on the U.S. Labor Department's jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls. Economists polled by MarketWatch expect the U.S. Labor Department to report Friday that nonfarm-payroll employment rose 100,000 in June, compared with 69,000 in May. They also expect that the unemployment rate remained at 8.2%.