In June, private sector employment growth in the United States showed strong performance, consolidating the signs of a stable labor market trend.

In June, private sector employment growth in the United States remained strong, with the best three-month hiring performance in over a year. According to data released by ADP Research on Wednesday, private sector employment increased by 98,000 in June, following an increase of 122,000 in the previous month. The market consensus was for an increase of 120,000. These data support the view that after several months of uneven hiring performance, the US labor market has strengthened. Job vacancies are increasing, while layoffs remain low. If this trend is confirmed in official government data, it may strengthen market expectations for the Federal Reserve to raise interest rates this year to curb inflation. The education and health services industry contributed about half of the new jobs, followed by trade, transportation, and utilities, and financial activities. Almost all industries added employees, and new jobs were widely distributed in terms of both business size and geographic region.