See every side of every news story
Published loading...Updated

The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says

UNITED STATES, JUL 4 – The June job loss, driven by smaller businesses and service sectors, signals rising economic uncertainty and potential Federal Reserve interest rate cuts, ADP reported.

  • ADP reported that private payrolls fell by 33,000 jobs in June 2025, marking the first contraction since March 2023 in the United States.
  • The unexpected decrease came despite expectations of a 100,000 job gain and was driven by cautious hiring practices and employers not filling vacancies left by employees who left.
  • Job losses were mainly in service-providing sectors including professional/business services , education/health , and financial activities , while manufacturing and leisure/hospitality added jobs.
  • Nela Richardson noted that layoffs remain uncommon, and despite a reduction in hiring activity, wage growth continues unaffected as markets raised expectations for Federal Reserve interest rate cuts.
  • The labor market showed warning signs that increased concerns about economic health and raised market expectations for Federal Reserve rate cuts in the near term.
Insights by Ground AI
Does this summary seem wrong?

39 Articles

KDBCKDBC
+3 Reposted by 3 other sources
Center

June jobs report shows crack in private sector as immigration slows

June marked another month when the American job market defied expectations, adding 147,000 jobs.

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 48% of the sources are Center
48% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Zero Hedge broke the news in United States on Wednesday, July 2, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.

Join millions of well-informed readers who use Ground to compare coverage, check their news blindspots, and challenge their worldview.