ADP Flags Rising Layoffs and Modest Hiring Rebound Ahead of Jobs Report
ADP•ADP reports rising layoff announcements from major employers alongside a modest rebound in private sector hiring ahead of Friday’s official jobs report. The divergence between growing layoffs and a hiring upswing indicates continued labor market resilience despite slowing growth.
1. Rising Layoff Announcements
Major employers have increased layoff announcements in recent weeks, signaling continued cost-cutting efforts across manufacturing, technology and retail sectors.
2. Upswing in Private Hiring
ADP payroll data shows a modest acceleration in private sector hiring, with service industries leading the uptick even as overall job cuts rise.
3. Upcoming Friday Jobs Report
The upcoming Friday release of the official jobs report will determine if hiring gains can balance out the uptick in layoffs and influence broader labor market forecasts.
