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June ADP US Private Payrolls Fall Unexpectedly Ahead of Bureau of Labor Statistics Nonfarm Payrolls Data

BY MT Newswires | ECONOMIC | 07/02/25 08:43 AM EDT

08:43 AM EDT, 07/02/2025 (MT Newswires) -- ADP's monthly measure of private payrolls showed a 33,000 decrease in June, compared with expectations compiled by Bloomberg for an increase of 98,000 jobs.

The June decline followed a downwardly revised 29,000 increase, from the previously reported 37,000 increase, in jobs in May.

By sector, goods-producing jobs increased by 32,000, led by a 15,000 gain in manufacturing jobs, while service-providing jobs fell by 66,000, with professional and business services jobs down 56,000 and education and health services jobs down 52,000, but leisure and hospitality jobs increased by 32,000.

"Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month," said Nela Richardson, chief economist at ADP. "Still, the slowdown in hiring has yet to disrupt pay growth."

The US Bureau of Labor Statistics' nonfarm payrolls data report for June is set for release at 8:30 am ET Thursday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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