Did the U.S. economy really lose jobs in June for the first time since the pandemic? Payroll king ADP says yes, but investors ought to take its report with a very large grain of salt.

Private-sector employers cut 33,000 jobs in June, the first monthly decline in more than two years, according to the ADP National Employment Report released Wednesday. The latest report comes as a … ...

The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

The ADP employment report showed private payrolls fell 33,000 in June, staggeringly lower than the 100,000 estimated increase and the first monthly decline since March 2023.

Private Sector Added Just 37,000 Jobs In May, Lowest In Over 2 Years, Adp Says Professional and business services experienced the most job losses in June with a decline of 56,000, according to ADP.

Futures tracking the S&P 500, Nasdaq 100, and Dow all turned slightly lower after ADP said the pace of hiring in the private sector fell to its lowest levels since March 2023. ADP said the private ...

President Donald Trump demanded the Federal Reserve chair lower interest rates after an unofficial jobs report hit its lowest level in over two years.

The ADP employment report revealed that 37,000 nonfarm private jobs were added in May, down from 60,000 in April.

American employers again dialed down their hiring, a monthly report showed, in a sign the labor market may be weakening amid growing economic uncertainty. Just 37,000 jobs were created last month ...

After ADP revealed a sharp drop in private sector job growth in May, President Donald Trump called on Fed Chair Jerome Powell to lower interest rates.

Trump has branded Powell with the nickname “Too Late” as a criticism of the Fed Chair’s continuing decision to hold interest rates steady.