Private Sector Jobs Decline in June, First Drop Since 2023
TL;DR Summary
In June, the private sector unexpectedly lost 33,000 jobs, the first decline since March 2023, signaling potential economic softness despite a strong stock market; this contrasts with government forecasts of a 110,000 job increase and highlights regional and sectoral disparities in employment changes.
- The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says CNBC
- ADP National Employment Report: Private Sector Employment Shed 33,000 Jobs in June; Annual Pay was Up 4.4% PR Newswire
- ADP says economy loses jobs for the first time since 2023 due to trade wars MarketWatch
- U.S. Firms Cut Jobs for First Time in Two Years, ADP Report Shows WSJ
- ADP Employment Report set to indicate increased job creation in June FXStreet
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