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U.S. Private Payrolls Plummet 33,000 Jobs in June

7/2/2025

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Summary

Story summary

In June, U.S. private payrolls decreased by 33,000 jobs, the first drop since March 2023, as reported by ADP.
Economists had anticipated an increase of 100,000 jobs.
Service sectors experienced the most significant losses, especially in professional/business and education/health services.
Larger companies contributed to job growth, while smaller firms faced greater losses.
Annual pay growth remains steady at 4.4%.

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Story summary

In June, U.S. private payrolls decreased by 33,000 jobs, the first drop since March 2023, as reported by ADP.
Economists had anticipated an increase of 100,000 jobs.
Service sectors experienced the most significant losses, especially in professional/business and education/health services.
Larger companies contributed to job growth, while smaller firms faced greater losses.
Annual pay growth remains steady at 4.4%.