Summary:
According to ADP data, U.S. private sector job growth slowed in May, with only 37,000 jobs added, far below the expected 130,000 increase.
Jun ADP
2/7/2025 (Wed)
Previous:37k Forecast: 95k
Job growth slowed for the second month in a row at private-sector firms, which added just 37,000 jobs in May, according to the ADP. That came in significantly below expectations for an increase of 130,000.
Trump's sweeping policy moves, especially a whipsaw approach to massive import tariffs, have left businesses in limbo. The bulk of the hiring slowdown came from the goods sector, which lost 2,000 jobs.
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