US Private Sector Loses 33,000 Jobs in June Amid Trade Tensions
TL;DR Summary
The June ADP National Employment Report shows a decline of 33,000 private sector jobs, mainly in professional, business services, education, and health sectors, while pay growth remains steady at 4.4% for job-stayers and 6.8% for job-changers. Despite job losses, wage increases continue, indicating a resilient labor market.
- ADP National Employment Report: Private Sector Employment Shed 33,000 Jobs in June; Annual Pay was Up 4.4% PR Newswire
- The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says CNBC
- US private payrolls unexpectedly decrease in June; layoffs remain low Yahoo Finance
- ADP says economy loses jobs for the first time since 2023 due to trade wars MarketWatch
- ADP says private sector shed 33,000 jobs in June, first time in two years Axios
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