Warning Sign: Key Report Shows US Lost Jobs Last Month
ADP Reports 33,000 Jobs Lost In June
The ADP National Employment Report often ends up as a mere footnote to the Bureau of Labor Statistics Employment Situation Survey.
Not this time. ADP’s June data is significant all on its own, as the June National Employment Report shows America lost 33,000 jobs.
Private sector employment shed 33,000 jobs in June and annual pay was up 4.4 percent year-over-year, according to the June ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
While ADP has for the past several months been considerably more conservative in its estimates of US employment relative to the BLS report, a net loss of 33,000 jobs is no mere footnote to anything.
It certainly does not help that May’s JOLTS report itself showed a downturn in overall hiring.
The June ADP report suggests a significant deterioration in US labor markets from May’s jobs reports, which already indicated slowing job growth.
At a minimum, the ADP report points to continued Lou Costello Labor Math, as June’s job loss ostensibly occurred almost entirely within Education and Health Services.
This is a complete rejection of the BLS jobs data. Education and private healthcare have been the employment sector that has shown the most growth since the start of 2025, according to the BLS.
On its own or in conjunction with the May JOLTS report, the June ADP National Employment Report suggests that tomorrow’s June Employment Situation Summary will have even more bad jobs news for the United States.
That is not good news for the US economy, nor is it good political news for President Trump. Employment reversals, particularly of this magnitude, will not help him deliver on the jobs-related portions of Trump’s Agenda 47.
The data leaves little doubt that the jobs recession in the United States has gotten demonstrably worse, and leaves little hope that June’s BLS jobs report will show any differently.
And, unemployment may be getting even worse. I’m starting to see articles such as this one from the AP, announcing a layoff of 9,000 at Microsoft, on top of the 6,000 who were laid off in May:
https://www.startribune.com/microsoft-announces-another-mass-layoff-thousands-of-workers-affected/601385204?utm_source=copy
President Trump has got to turn this around quickly!
....and homelessness is on the rise....