June ADP Jobs Report Bombs: Private Sector Hiring Craters Below Expectations

Another economic indicator bites the dust—this time it's payrolls.

Where'd all the jobs go?

The latest ADP employment report reveals private-sector hiring slammed into reverse last month. No sugarcoating it: this miss wasn't just off-target—it was a wholesale breakdown in the jobs machine Wall Street loves to pretend is infallible.

Reality check for the 'soft landing' crowd

While economists were busy polishing their crystal balls, actual job creation failed to materialize. The gap between expectations and reality? Wide enough to drive a recession through—but don't tell that to the permabulls still charging $20 for avocado toast.

Markets hate surprises, and this jobs shocker lands like a lead balloon. Suddenly those 'transitory' economic concerns look... less transitory. Maybe the Fed's magic money printer needs another tune-up?