The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says
Publishing timestamp: 2025-07-02 12:15:04
Summary
Private sector hiring unexpectedly contracted in June, potentially indicating a weaker economy than investors believe. ADP report showed a loss of 33,000 jobs in June, contrary to economists' expectations of a 100,000 increase. The report also revised May's job growth figures lower. The government's nonfarm payrolls report is expected to be released on Thursday, with economists potentially revising their estimates following ADP's data. The report also highlighted job losses in service roles, with the Midwest and Western U.S. seeing the strongest contractions. Small firms saw more job losses compared to larger counterparts. Additionally, annual income growth decreased slightly from May.
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Keywords: investment strategy, markets, s&p 500 index, donald j. trump, stock markets, breaking news: investing, breaking news: economy, economy, breaking news: markets, donald trump, personnel, business news,
Source: https://www.cnbc.com/2025/07/02/adp-jobs-report-june-2025.html