Economic Buzz: US private sector employment dips by 33,000 jobs in June

Private sector employment in the U.S. unexpectedly decreased in the month of June, according to a report released by payroll processor ADP on Wednesday.

ADP said private sector employment fell by 33,000 jobs in June after rising by a downwardly revised 29,000 jobs in May.

ADP said the unexpected dip in private sector employment reflected job losses in the professional and business services and education and health services sectors, while the leisure and hospitality and manufacturing sectors saw job growth.

The report also said year-over-year pay growth for job-stayers was little changed at 4.4 percent in June compared to 4.5 percent in May.

Pay growth for job-changers was 6.8 percent in June, down slightly from 7.0 percent in May, ADP said.

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