Unexpected Drop in U.S. Private Sector Jobs

    The U.S. private sector saw an unexpected decline in jobs in June 2025, according to the National Employment Report released by ADP in collaboration with the Stanford Digital Economy Lab. Private employers cut 33,000 jobs, while May’s data was revised down to show a gain of only 29,000 jobs, compared to a previous estimate of 37,000. The June figures came in far below expectations. A Reuters poll had forecast an increase of 95,000 jobs in the private sector. Meanwhile, announced job cuts in the U.S. fell by 49 percent in June, totaling just 47,999 layoffs. Source: (Al-Sharq Al-Awsat Newspaper, Edited)
  • United States of America
  • 3 July 2025

Russian Central Bank: Inflation Slowing Faster Than Expected

    Russia’s central bank governor, Elvira Nabiullina, said that inflation in the country is decelerating more rapidly than anticipated, citing signs of easing labor shortages.
  • Russia
  • 3 July 2025