US ADP Employment Change 4-week average drops to 20K

• US private employers added an average of 20K jobs per week in late June.
• Job gains lose some momentum, reversing the previous week’s uptick.

Private-sector hiring in the US has further cooled in late June. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 20K jobs per week in the four weeks ending June 20.

That marks an acceptable pullback from the prior reading (30.75K), showing a potential impasse in hiring.