US Job Market Shows More Signs of Slowing in ADP and Claims Data

Labor data Wednesday added further evidence that the labor market is slowing down.

US companies hired workers at a more moderate pace in June and wage growth cooled in private payrolls data from the ADP Research Institute. Recurring claims for unemployment benefits rose for a ninth straight week, the longest stretch since 2018 that indicates a growing number of people are having difficulty finding a new job.

The two reports, coming ahead of the government’s June employment report Friday, suggest weaker demand for workers. A separate measure published Wednesday showed that the US services sector contracted last month at the ...