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7/3/2025

Labor Market Whiplash: Private Payrolls Contract Despite Strong Job Openings

Just 24 hours after data showed job openings surging to their highest level since November 2024, the American labor market delivered a jarring reality check. Private sector employment unexpectedly contracted by 33,000 positions in June, according to ADP’s Wednesday report—marking the first monthly decline since March 2023 and painting a starkly different picture of employment dynamics.

4 min read