U.S. private sector employment unexpectedly fell "
Internet reported that employment in private companies in the United States fell last month for the first time in more than two years as economic uncertainty rattled employers. According to the national employment report released by ADP, the United States lost a total of 33,000 jobs in June, compared with an increase of 29,000 jobs in May. This is the first time a decline in employment has been reported since March 2023. Economists surveyed by The Wall Street Journal had expected new jobs to rise to 100,000 that month. "Although layoffs are still rare, hiring hesitation and reluctance to replace departing employees led to a drop in employment last month," said Nela Richardson, chief economist at ADP. However, the economic slowdown has not yet affected annual salary growth, which was 4.4% in June, only slightly down from 4.5% in May.
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