US Private Sector Cuts Jobs in June âšī¸
US private sector employment declined by 33K jobs in June 2025, marking the first job loss since March 2023, with service-producing sectors experiencing significant job reductions while some sectors like leisure/hospitality added jobs.
Significant employment contraction signals potential economic slowdown, with broad-based job losses across professional services, education, health, and financial activities indicating systemic hiring challenges and potential recessionary pressures.