Summary:
ADP reports private sector hiring unexpectedly contracted in June – the first drop since March 2023 – suggesting the economy may be less sturdy.
July ADP
30/7/2025 (Wed)
Previous: -33k Forecast: 75k
Private sector hiring unexpectedly contracted in June, according to ADP, in a possible sign that the economy may not be as sturdy. That marked the first decrease since March 2023.
The ADP report has a spotty track record on predicting the subsequent government jobs report. June’s data ended up differing significantly from official figures that came later in the week.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
The Fed's core PCE rose 2.7% in May, above expectations. Policymakers consider rate cuts as consumer spending and income cool.
2025-07-31
The Indian Rupee nears record lows as trade tensions and weak sentiment push it toward its worst monthly performance in nearly three years.
2025-07-31
With the Fed holding rates steady, will today’s FOMC decision spark new volatility or set clear direction for stocks, bonds, and currencies?
2025-07-31
