ADP Releases June Wage Growth Data Across Sectors; Financial Services at 5.1%

According to ADP's June payroll report, wage growth rates varied across major industries. Financial services showed the strongest growth at 5.1% year-over-year, followed by manufacturing at 4.9%. Construction posted 4.6% growth, trade/transportation/utilities at 4.4%, and professional/business services at 4.1%. Most sectors remained flat or saw modest month-over-month increases from May.
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