The U.S. economy added 177,000 private, non-farm jobs in June according to the monthly employment report released today by payroll-management firm ADP and its partner Moody’s Analytics. The seasonally adjusted result is 6.35 percent lower than May’s revised addition of 189,000 jobs, but it marks a 14.94 percent increase from last June, when 154,000 jobs were created.
“The labor market continues to march towards full employment,” said ADP Research Institute vice president and co-head Ahu Yildirmaz in a press release. “Healthcare led job growth once again and trade rebounded nicely.”
“Business’ [sic] number one problem is finding qualified workers,” said Moody’s Analytics chief economist Mark Zandi in the release. “At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes.”
Small businesses—firms that employ between one and 49 employees—gained 29,000 jobs in June. Within that group, firms that employ fewer than 20 people added 16,000 jobs, and firms with 20 to 49 employees created 13,000 new positions.