2017-07-06cbsnews.com

U.S. businesses added a modest 158,000 jobs in June, a survey found, a sign that hiring has decelerated but remains healthy enough to lower the unemployment rate over time. Still, it's a big drop from May's private sector hiring pace.

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Hiring has slowed over the spring, with job gains averaging just 121,000 from March through May, according to federal government payroll data. Most economists chalk it up to a dwindling supply of workers as the unemployment rate falls.

ADP originally reported May's private sector hiring at 253,000, but today it revised that figure lower, to 230,000.



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