Job growth by U.S. businesses slowed to 158,000 in June, below analyst expectations but still a solid gain as labor market growth eases, payroll firm Automatic Data Processing said Thursday. ADP’s figures have been off in recent months compared to the official statistics from the Labor Department. And in March, ADP said private-sector job growth was 255,000 while the Labor Department said it was only 59,000. The Labor Department uses its own survey of U.S. employers — both private and public sector. But labor market growth has been slowing as the recovery from the Great Recession reached eight years last month.

Source: Los Angeles Times July 06, 2017 14:03 UTC