US EditionThe private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says
- In June 2025, employment in the private sector declined by 33,000 positions nationwide, marking the first drop in more than two years, according to the ADP report.
- This unexpected contraction followed economist forecasts expecting a 110,000 job increase and reflects measured hiring amid economic uncertainty.
- Job losses concentrated in service roles, including professional/business services and education/health , while goods-producing jobs grew by 32,000.
- Nela Richardson, ADP's chief economist, explained that while layoffs remain uncommon, reduced hiring activity and a slowdown in filling vacancies from departing employees contributed to job declines in the previous month.
- The decline triggered increased market bets on Federal Reserve rate cuts, and a more comprehensive June employment report will be released Thursday by the Labor Department.
97 Articles
97 Articles
ADP: Private sector loses 33,000 jobs in June against predictions of 100,000 increase
ADP, the HR and payroll services behemoth, announced a contraction in private jobs in June. A way worse result than economists predicted. This is how CNBC reported it: Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP...
Economists expect official data to be presented by the Department of Labour on Friday, 4 July, to show an increase in public procurement
Private-sector payrolls lose 33,000 jobs, surprising analysts
Private-sector employers cut 33,000 jobs in June, the first monthly decline in more than two years, according to the ADP National Employment Report released Wednesday. The latest report comes as a surprise to economists who had anticipated a gain of upward of 100,000 jobs last month. Service-providing industries led the losses with a net decline…
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