By Christopher Rugaber
AP Economics Writer
WASHINGTON (AP) — U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves total employment far below its pre-pandemic levels.
The payroll company ADP said Wednesday that small businesses reported the biggest increase, adding 937,000 jobs. Among industries, construction firms, restaurants and hotels, and retailers posted large gains in hiring.
Yet according to ADP’s data, the economy still has 14.3 million fewer jobs than it did in February, before the viral outbreak intensified.
“We’ve obviously got into a big hole here because of the pandemic and are just trying to claw our way out,” said Mark Zandi, chief economist at Moody’s Analytics. Moody’s helps compile the ADP data for its monthly reports.
Still, the economy remains under pressure from the pandemic, as new spikes of the coronavirus in several southern and western states have forced some to pause their reopenings and impose new closures of bars and other businesses. That could slow hiring in the coming months.
ADP does not include government jobs in its report and often diverges from the Labor Department’s data.
- Posted July 03, 2020
- Tweet This | Share on Facebook
Companies added 2.4 million jobs in June
headlines Oakland County
- Annual Dinner & Meeting
- FORCE Team arrests six in prolific auto theft ring
- Michigan allocates $12 million to support community-based organizations in advancing environmental and climate justice
- Oakland County and SMART launch pilot program providing free transit for veterans and dependents
- Supreme Court sides with the Consumer Financial Protection Bureau
headlines National
- More lawyers—and clients—want to learn about sustainable development practices
- Top artificial intelligence insurance tips for lawyers
- Lawyer charged with illegally transmitting Michigan data after 2020 election
- Viral video shows former Rikers Island inmate as she learns she passed bar exam on first try
- How Sullivan & Cromwell is scrutinizing potential new hires after campus protests
- No separate hearing required when police seize cars loaned to drivers accused of drug crimes, SCOTUS rules