Trade wars dent hiring, ADP finds: Paltry 37,000 gain in private jobs smallest since 2023

Privately run businesses created just 37,000 new jobs in May — the smallest increase in more than two years — as the worst global trade wars since the 1930s spurred many firms to put a pause on hiring.

Jun 4, 2025 - 14:22
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Trade wars dent hiring, ADP finds: Paltry 37,000 gain in private jobs smallest since 2023
Privately run businesses created just 37,000 new jobs in May — the smallest increase in more than two years — as the worst global trade wars since the 1930s spurred many firms to put a pause on hiring.