Private-sector employment in the U.S. rose by 237,000 jobs last month, according to the economic report released today by payroll-processing company ADP and its partner Moody's Analytics. The numbers represent a significant increase from the upwardly revised figures of 179,000 and 203,000 jobs added in April and May, respectively.
“The U.S. job machine remains in high gear," said Moody's Analytics chief economist, Mark Zandi, in a press release. "The current robust pace of job growth is double that needed to absorb the growth in the working age population."
The U.S. Bureau of Labor Statistics is scheduled to release its June jobs report tomorrow, which will provide more specific details about job growth in the construction, architecture, and engineering fields.