Service Sector Drives Unexpected 33,000 Drop in US Private Payrolls
US private-sector employment unexpectedly fell by 33,000 jobs in June, according to ADP data, marking the first decline in more than two years. The drop surprised economists and highlights growing caution among employers as economic conditions shift. The decline was concentrated in the service sector, which lost about 66,000 positions. The most notable reductions came … Read more