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Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum'
Private hiring sharply declined to its slowest pace in more than two years as President Donald Trump's sweeping tariffs have shaken the economy throughout 2025.
Businesses added just 37,000 jobs in May, according to the ADP National Employment Report released on Wednesday, June 4. That was the lowest level since March 2023, falling below April's downwardly revised figure of 60,000.
The disappointing job total missed the Dow Jones forecast of 110,000, CNBC reported.
"After a strong start to the year, hiring is losing momentum," ADP chief economist Dr. Nela Richardson said. "Pay growth, howe…
Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump
Job growth moderately beat expectations in April, but was slightly down from the month before, as recession worries loom due to President Donald Trump's trade agenda.
The US economy added 177,000 jobs in April, according to Bureau of Labor Statistics data released on Friday, May 2. The national unemployment rate held steady at 4.2%, despite initial unemployment claims jumping to 241,000 for the week ending Monday, April 26.
The job gains were higher than the 133,000 forecasted by the Dow Jones, CNBC reported. April's numbers declined from March's total of 185,000, which …
February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts.
The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported.
Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
