(Updates to clarify source is ADP in first paragraph)
NEW YORK, July 7 U.S. private employers added
far more jobs than expected in June, bouncing back from a
surprise slump the month before, a report by payrolls processor
ADP showed on Thursday.
The private sector added 157,000 jobs last month, exceeding
expectations for a gain of 68,000, according to a Reuters
survey of economists.
May's figure was revised down to an increase of 36,000 from
the previously reported 38,000, which had been an eight-month
The ADP report is jointly developed with Macroeconomic
The figures come ahead of the government's much more
comprehensive labor market report on Friday, which includes
both public and private sector employment.
"The ADP results certainly put a bit of an optimistic spin
on Friday's payroll survey," said Guy Lebas, chief fixed income
strategist at Janney Montgomery Scott in Philadelphia.
U.S. stock index futures added to gains following the
report, while the dollar gained more ground against the yen.
Friday's report is expected to show a modest rise in
overall nonfarm payrolls of 90,000 for last month and a gain in
private payrolls of 110,000. For a preview, see
On Wednesday, a stable employment reading from the
Institute for Supply Management's service sector survey
suggested employment growth later in the year.
Economists often refer to the ADP report to fine-tune their
expectations for the payrolls numbers, though it is not always
accurate in predicting the outcome.
(Reporting by Leah Schnurr, Editing by Chizu Nomiyama)