US employers add 188,000 jobs in June: ADP

US employers add 188,000 jobs in June: ADP According to a new report, US employers added a total of 188,000 jobs in the month of June indicating that the US jobs market is recovering.

Private sector employers offered more appointments during the month than expected. This indicates that the economy is recovering but has raised concerns that the Federal Reserve might start cutting its stimulus package. There are concerns that a roll back in the stimulus might affect growth.

The ADP National Employment Report, which was released ahead of the official government data, showed that firms added 188,000 jobs in June. The figure us higher than a median forecast of 160,000 by economists polled by Reuters. Economists have predicted a non-farm job increase of 165,000 for June.

Experts noted that that hiring in the private sector remained strong due to a recovery in the housing market and high consumer spending in the world's largest economy.

Payrolls processor ADP prepares its jobs report in association with Moody's Analytics.