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Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum' Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum'
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…

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by Chris Spiker
Schools
Record Student Loan Borrowers Face Default As Collections Resume, Grads Enter Weak Job Market Record Student Loan Borrowers Face Default As Collections Resume, Grads Enter Weak Job Market
Record Student Loan Borrowers Face Default As Collections Resume, Grads Enter Weak Job Market A record number of federal student loan borrowers are seriously delinquent as debt collections resume after a five-year pause, while new college graduates face tough employment prospects. The Education Department restarted collecting defaulted federal student loan debt on Monday, May 5. Collections were paused at the beginning of the COVID-19 pandemic. The move threatens to seize tax refunds and garnish paychecks from millions of Americans in default on their loans. The Education Department said about 42.7 million people owe more than $1.6 trillion in student loan d…

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by Chris Spiker
News
NJ For-Profit School Deceived Students, Forced To Pay $4.6 Million: State AG NJ For-Profit School Deceived Students, Forced To Pay $4.6 Million: State AG
NJ For-Profit School Deceived Students, Forced To Pay $4.6 Million: State AG A for-profit school in Middlesex County is being forced to pay a $4.6 million after the state said it deceived students and offered unlawful loans. Sollers Inc. which is based in Piscataway, used false and misleading job advertisements to funnel students into its programs and falsely claimed that agreements requiring students to pledge a portion of their future income in exchange for money upfront for their programs was not a loan, Attorney General Matthew Platkin said. Sollers also reached a settlement with the Federal Trade Commission.  As part of the settlement, Sollers will cancel …

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by Sam Barron