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

  • ADP reported that private sector payrolls fell by 33,000 jobs in June 2025, marking the first decline since March 2023.
  • This unexpected contraction occurred despite economists forecasting a 110,000 job increase and an unemployment rate rising to 4.3% from 4.2%.
  • Job losses concentrated in service sectors including professional/business services , health/education , and financial activities , while goods-producing roles rose by 32,000.
  • Large businesses added 30,000 jobs and the Southern U.S. saw payroll growth, but smallest firms lost 29,000 roles and pay growth modestly softened to 4.4% for stayers and 6.8% for job changers.
  • The weak ADP report raised concerns over economic health and increased market bets on Federal Reserve rate cuts, with traders now fully pricing in cuts by September.
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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.

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48% Center
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Zero Hedge broke the news in United States on Wednesday, July 2, 2025.
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