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Started By
Message
Private payrolls shrunk 33k in June, badly missing expectations of 100k increase - ADP
Posted on 7/2/25 at 7:21 am
Posted on 7/2/25 at 7:21 am
CNBC
BLS report comes out Friday.
quote:
Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible sign that the economy may not be as sturdy that investors believed as they bid the S&P 500 back up to record territory to end the month.
Private payrolls lost 33,000 jobs in the June, the ADP report showed. Economists polled by Dow Jones forecast an increase of 100,000 for the month. The May job growth figure was revised even lower to just 29,000 jobs added from 37,000.
“Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month,” Nela Richardson, ADP’s chief economist, said in a press release published Wednesday morning.
To be sure, the ADP report has a spotty track record on predicting the subsequent government jobs report, which investors tend to weigh more heavily. May’s soft ADP data ended up differing significantly from the monthly jobs report figures that came later in the week.
BLS report comes out Friday.
22
Posted on 7/2/25 at 7:23 am to slackster
quote:
BLS report comes out Friday.
Will probably be a blow out number only to be revised down 3mnths later
The revisions from the last report should be interesting
You still claiming powell isnt playing politics?
Posted on 7/2/25 at 7:26 am to slackster
Is the correction finally coming?
Posted on 7/2/25 at 7:27 am to SDVTiger
JPow is definitely playing politics….
Posted on 7/2/25 at 7:27 am to slackster
Tariff impacts.
Companies are tightening purse strings.
Companies are tightening purse strings.
Posted on 7/2/25 at 7:28 am to SDVTiger
quote:
You still claiming powell isnt playing politics?
Fed’s job is stable prices and full employment. He’s been able to achieve both for a while now. This board (and I tend to agree) is quite confident that economic growth is going to be picking up under his policies and the BBB. Why on earth should he cut much/at all in the face of those conditions?
ETA: it’s also an entire FOMC that votes on this stuff. They unanimously voted to keep rates unchanged in June.
This post was edited on 7/2/25 at 7:30 am
Posted on 7/2/25 at 7:30 am to cadillacattack
quote:
JPow is definitely playing politics….
100%. I have been getting a lot of tds resistance from MB geniuses for saying this for months now
You also have the morons who claim tariff impacts
Posted on 7/2/25 at 7:30 am to slackster
quote:
Fed’s job is stable prices and full employment. He’s been able to achieve both for a while now. This board (and I tend to agree) is quite confident that economic growth is going to be picking up under his policies and the BBB. Why on earth should he cut much/at all in the face of those conditions?
ETA: it’s also an entire FOMC that votes on this stuff. They unanimously voted to keep rates unchanged in June.
But muh Powell!!!!!!!!!!!!
Posted on 7/2/25 at 7:32 am to slackster
Wait, yesterday I was told that, check notes, every single metric of the economy showed it was strong.
Even one Einstein said it was the “strongest economy ever”
Even one Einstein said it was the “strongest economy ever”
Posted on 7/2/25 at 7:32 am to SlowFlowPro
Posted on 7/2/25 at 7:32 am to slackster
quote:
Private payrolls shrunk 33k
Lotta illegals being purged from the books.
Posted on 7/2/25 at 7:34 am to slackster
quote:
ETA: it’s also an entire FOMC that votes on this stuff
Yes at too lates direction. He got them all to vote for the cuts in 24
Hes playing politics. You are still in denial about that I see
Posted on 7/2/25 at 7:35 am to slackster
Or maybe ADP just stopped screwing up their clients payrolls?
Posted on 7/2/25 at 7:37 am to SDVTiger
quote:
SDVTiger
To be clear, you don’t believe the economy is strong so it needs to be stimulated with lower rates?
Just want to get you on record for the next time someone brags about something like Atlanta GDPNow
Posted on 7/2/25 at 7:39 am to slackster
quote:
To be sure, the ADP report has a spotty track record
In other words, doom and gloom for Trump. Rainbows and unicorn farts for Democrats.
Posted on 7/2/25 at 7:39 am to slackster
quote:
slackster
One of the OG BoomerTard Panicans
quote:
ADP
quote:
the ADP report has a spotty track record on predicting the subsequent government jobs report
See you in 4 weeks for the monthly melt.
Posted on 7/2/25 at 7:42 am to Pecos Pedro
quote:
One of the OG BoomerTard Panicans
Come again?
Regardless, you sound confident that the economy is strong. Glad you agree that Powell should basically stay put.
Posted on 7/2/25 at 7:42 am to jrodLSUke
quote:
Rainbows and unicorn farts for Democrats.
What do Democrats have to do with anything ITT?
Posted on 7/2/25 at 7:46 am to PorkSammich
quote:
Tariff impacts. Companies are tightening purse strings.
No one wants to talk about it but it is real even though some in here like to proclaim that tariffs stimulate economic activity, or at the a minimum, don’t impact things at all.
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