ADP Private-Sector Payrolls -33K, Worst in 2+ Years

Wednesday, July 2, 2025Ahead of today’s opening bell, the next Jobs Week report has hit the tape, and it is not good: Automatic Data Processing (ADP) private-sector payrolls for June came in negative for the first time since March 2023: -33K. This is obviously notably below the +100K analysts were expecting and the downwardly revised +29K the prior month, which was the previous low in more than two years.Goods-producing jobs held up their end, more or less: +32K last month. Services jobs in the private sect ...