COLUMBUS, Wis., July 03, 2025 (GLOBE NEWSWIRE) — In response to today’s release of the June 2025 employment report, Michael Eisenga, CEO of First American Properties, cautioned policymakers and investors against overconfidence in the labor market’s apparent stability.
While the U.S. economy added 147,000 jobs in June exceeding expectations, Eisenga emphasized that this number masks troubling undercurrents in the workforce. This report also is an interesting contrast to the ADP report which represents a more real time actual payroll database.
“On the surface, today’s report looks encouraging,” said Eisenga. “But dig deeper, and you’ll find clear evidence of a cooling private-sector engine, sluggish hiring appetite, and shrinking workforce participation. We should be sounding the alarm, not celebrate.” This is especially the case when contrasting today’s report with yesterday’s ADP report, both can’t be correct.
According to ADP Research, private sector payrolls fell by 33,000 in June, following a revised gain of only 29,000 in May. Additionally, service providers, which have driven much …