U.S. private sector added 158,00 jobs in June

The U.S. added 158,000 non-farm private-sector jobs in June, according to the ADP National Employment Report. 

Medium-sized businesses, defined by the ADP as those with between 50 and 499 employees, had the largest jobs growth during the month, with 91,000 positions added. Large organizations gained 50,000 jobs, while small businesses added 17,000 positions. 

Some 43.6 percent of the total private-sector job growth in June was in the professional and business services industry, which added 158,000 jobs. Health services gained 33,000 positions, while manufacturing added 6,000 jobs. Education shed 6,000 jobs, the only services-providing sector to have employment losses. 

"The job market continues to power forward," said Mark Zandi, chief economist for Moody's Analytics. "Abstracting from the monthly ups and downs, job growth remains a stalwart between 150,000 and 200,000. At this pace, which is double the rate of labor force growth, the tight labor market will continue getting tighter."

The June job gains fell short of the estimate by Reuters economists that 185,000 private-sector positions would be added during the month, CNBC reported. This estimate was earlier revised down from 253,000.

The figures show that the U.S. economy is nearing full employment, the source noted.  

Some 43.6 percent of the total private-sector job growth in June was in the professional and business services industry.