US private employers shed 33,000 jobs in June, the ADP National Employment Report showed, marking the first decline in more than two years and sharply missing economists’ forecasts for an increase of about 100,000 positions. May’s gain was revised down to 29,000 from the 37,000 originally reported.
Most of the pull-back came from service industries. Professional and business services contracted by 56,000 positions, education and health services by 52,000 and financial activities by 14,000. Those losses were partly offset by a 32,000 increase in leisure and hospitality payrolls and smaller gains in manufacturing and construction, while large firms continued to add staff.
A separate Challenger, Gray & Christmas survey underscored mixed labour-market signals. Employers announced 47,999 layoffs in June, down 49% from May, yet the 744,308 job-cut announcements logged in the first half of 2025 are the highest for any comparable period since the pandemic-hit first half of 2020.
The ADP release precedes Thursday’s Labour Department employment report, which is expected to show non-farm payrolls rising by roughly 110,000 in June. Economists cautioned that ADP figures often diverge from official data but said the sharp slowdown in hiring underscores mounting uncertainty that is prompting companies to grow more cautious even as outright layoffs remain relatively contained.
#NewsFatafat | US private payrolls fall by 33K in June — first drop in over 2 years! Losses in biz services, education, finance; gains in hospitality, manufacturing. All eyes now on Friday’s official jobs data!
#ADPJobs #USJobs #Economy #Hiring #RecessionWatch
