Layoffs hit financial sector in June

Job seekers wait in line to meet with a recruiter during a job fair on July 10, 2012 in San Francisco, California.

ADP, the payroll company, says private sector payrolls were up by 188,000 last month. A separate report from the outplacement firm Challenger Grey & Christmas shows layoffs also ticked upward in June, in part due to the sequester. The government's official report on jobs and unemployment comes out Friday.

John Challenger, CEO of Challenger Grey & Christmas, joins Marketplace Morning Report host David Brancaccio to discuss which sectors are going strong and which are cutting back. 

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

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