U.S. private employers added a seasonally adjusted 98,000 jobs in June, ADP said, the smallest increase since March and down from 122,000 in May. The reading missed expectations, with the older report citing a 118,000 market forecast and the newer report citing a Dow Jones consensus of 110,000. Services accounted for nearly all hiring, led by education and health services with 48,000 jobs, while annual pay growth held at 4.4% for job stayers and rose to 6.6% for job switchers. The softer reading added to signs of labor-market cooling that investors said could strengthen expectations for monetary easing and influence broader risk-asset flows.