Hiring by U.S. companies slowed more than expected in June, pointing to a labor market that is continuing to cool in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning.

<a href="https://foxbusiness.com/category/jobs" target="_blank" rel="noopener">Companies added 150,000 jobs</a> last month, missing the 160,000 gain that economists surveyed by Refinitiv predicted and down from the revised 157,000 figure in May.

This is a developing story. Please check back for updates.

Hiring by private U.S. companies rose less than forecast in June, a sign that the labor market is starting to slow in the face of higher interest rates.{ai:summary}In the city of dreams, companies are scaling back on hiring as interest rates rise. ADP report shows 150,000 jobs added in June, lower than expected. #economy

Private sector job growth slows in June to just 150,000, worse than expected

Loading...