U.S. Private Sector Adds 237,000 Jobs in June

U.S. private employers added 237,000 jobs in June, the biggest gain since December, suggesting further improvement in the jobs market which may allow the Federal Reserve to raise interest rates later this year. Economists surveyed by Reuters had forecast the ADP NationalEmployment Report would show a gain of 218,000 jobs. May private payroll gains were revised up to 203,000 from an originally reported 201,000 increase, which was the smallest rise since January 2014. The unemployment rate was forecast to slip to a seven-year low of 5.4 percent from 5.5 percent.