ADP Report Shows Private Hiring Plunged to 44K in July, Far Below 75K Forecast
ADP sits 45% above its 52-week low of $188.16.
Summary
ADP's July private payrolls came in at just 44,000, well short of the 75,000 consensus and down sharply from a revised 95,000 in June. The miss signals a cooling labor market that could weigh on ADP's employer-services revenue if hiring continues to slow. This follows ADP's strong fiscal 2026 results reported last week, but the macro data raises questions about near-term demand. The Labor Department's broader jobs report on Friday will be the next key read.
At the time of this announcement, ADP was trading at $273.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $108.2B. The 52-week trading range was $188.16 to $310.08. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.