Private sector lost 33,000 jobs in June, well below expectations, ADP says

Fox Business ^ | 7/2/2025 | Matthew Kazin

[Redmen4ever]

Companies in the private sector lost 33,000 jobs in June, payroll processing firm ADP said Wednesday.

[Redmen4ever]

The ADP report is developed from payroll records and predates the Department of Labor monthly labor summary by two days. The ADP report has a good track record but the truth is, both are subject to revision so it will be a while before we are certain. From other data we know that business confidence is down and that the surfeit of job openings that opened up following the shut-down of the economy has been whittled down so that there is now a rough parity of job openings to unemployment.

[Opinionated Blowhard]

Expert expectations always seem to be wrong. And they always seem to be wrong in a way that helps Democrats and hurts conservative Republicans. I’d say its time for the news media to find some new experts. But that will never happen.

[rktman]

Well just shows PDJT’s plan to destroy the economy is on track. 🙄😂👍

[johniegrad]

Ambiguous headline. It could mean that the job loss was far less than expected or it could mean that job growth was far less than expected and, in fact, negative.

[FlingWingFlyer]

Why didn’t the “dipstick judge” skanks stop them from losing their jobs?

[j.havenfarm]

Huh? Been mocking ADP for years. They’re consistently wrong, often dramatically so

[ABStrauss]

Trump’s fault!

Severe depression just around the corner. Best elect socialist or, better yet, new communist leaders.

[Starboard]

“Expert expectations always seem to be wrong. And they always seem to be wrong in a way that helps Democrats”

**************

Profoundly true. Most experts live in distorted social bubbles with other like minded experts. They also tend to say what their funders and their constituencies want them to say.

There’s an applicable axiom: “Tell me where you sit and I’ll tell you where you stand.”

[chiller]

That's how I read it, but that would mean ADP was expecting far more job losses, which doesn't compute with my expectations....not in summer.

However, construction companies are bitching they can't find employees to build their houses so deportations may play into this....which will affect job openings.

[Bernard]

33,000 jobs is a number in a vacuum. And how close were the estimates in the first place? I don't recall ever seeing a headline about "job number change exactly the same as expert estimates."

Especially when the first actual result reported is an estimate. It's like touching wet paint and then complaining that the paint got all over your hands.

[Tell It Right]

I read it as mostly good news. Perhaps the "private" job losses are mainly in contractors servicing govt. While manufacturing and construction grew. Or another way to say it, we might be shifting a little from a service economy back to a manufacturing economy. From the article:

Professional and business services experienced the most job losses in June with a decline of 56,000, according to ADP. Education and health services lost 52,000 and financial services lost 14,000.
Manufacturing added 15,000 positions, leading job creation in June. Trade, transportation and utilities gained 14,000 jobs, construction added 9,000 and natural resources and mining added 8,000.

[Old West Conservative]

The USA jobs report is due out on Thursday

[hcmama]

“The figure is well below economists’ estimates of a gain of 95,000 jobs and down from the prior month’s revised reading of 29,000.”

[Redmen4ever]

Correct. Thursday this month, instead of Friday, due the 4th of July falling on Friday.

[Alas Babylon!]

From other data we know that business confidence is down...

WE do? Who is we?

[cp124]

Capex purchases for manufacturing equipment is at the lowest point in the 20 years of being in business and selling to that sector. I guess you need to break a few eggs to make an omelette.

[Glennb51]

They don’t take into account the illegals that do not show up to work, no matter the reason.

[MrRelevant]

This goes without saying. Job openings are still trending well. Too many able bodied folks still being allowed to sit on their asses and collect checks. At some point the massive amount of investment in US manufacturing will pay off. That trickles into GDP eventually. Hopefully as people are peeled away from the govt teat they will return to be contributing members of society.

[9YearLurker]

Recent grads are reportedly the big issue—and we have to wake up to how our educational system is tanking them.

[lasereye]

“The figure is well below economists’ estimates of a gain of 95,000 jobs and down from the prior month’s revised reading of 29,000.”