US Private Sector Cuts 33,000 Jobs in June
The ADP National Employment Report revealed a surprising decline of 33,000 private-sector jobs in the U.S. for June 2025, marking the first employment drop since March 2023. This figure significantly underperformed economists’ expectations, which had forecasted a gain of 110,000 jobs. Nela Richardson, Chief Economist at ADP, noted, “Though layoffs continue to be rare, […]