US Labor Market Stumbles: ADP Reports Unexpected Job Losses Ahead of Critical Federal Data Release
US Labor Market Stumbles: ADP Reports Unexpected Job Losses Ahead of Critical Federal Data Release The American labor market is showing signs of significant slowdown, with the private sector unexpectedly losing jobs in June, according to new data released Wednesday by payroll provider ADP. This marks the first negative month in over two years and defies economists’ expectations for a substantial gain. ADP’s monthly national employment report indicated a loss of 33,000 jobs, a stark contrast to the 117,500 jobs…