Jun ADP - Trump's Tariff Policy Impacts Employment

2025-07-02
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.

Jun ADP

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