The latest ADP National Employment Report

The latest ADP National Employment Report, released on June 4, 2025, indicates a significant slowdown in U.S. private-sector hiring.

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### 📉 Key Highlights: May 2025 ADP Jobs Report

* Jobs Added: Only 37,000 private-sector jobs were added in May, marking the weakest monthly gain in over two years. This figure is a sharp decline from April's 62,000 and falls well below economists' expectations of 110,000.

* Annual Pay Growth: Year-over-year pay increased by 4.5%, consistent with April's figures.

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### 🏭 Sector Breakdown

* Goods-Producing Sector: Experienced a loss of 2,000 jobs, with manufacturing and construction sectors notably affected.

* Service Sector: Showed mixed results. While leisure and hospitality, as well as financial services, added jobs, professional services and education sectors saw declines.

* By Company Size:

* Small Businesses: Reported job losses.

* Mid-Sized Firms: Added 49,000 jobs.

* Large Employers: Also reported job losses.

### ⚠️ Economic and Political Reactions

* Trade Tensions: The slowdown is largely attributed to ongoing global trade wars, leading many businesses to freeze hiring.

* Federal Reserve Pressure: In response to the weak job growth, President Trump has intensified calls for the Federal Reserve to cut interest rates, criticizing Chair Jerome Powell for not acting swiftly.

* Market Response: Despite the disappointing jobs data, U.S. stocks rose slightly, with the S\&P 500 and Nasdaq both up by 0.3%, and the Dow Jones increasing by 94 points (0.2%).

### 🔍 Looking Ahead

The official U.S. Labor Department jobs report is scheduled for release on Friday, June 6, 2025. Economists anticipate it will show an increase of approximately 125,000 jobs.