U.S. adds just 37,000 private sector jobs in May 2025 — ADP report stuns as Trump calls on Fed to slash rates

Private sector job growth in May 2025 hit its lowest point in over two years, with just 37,000 jobs added, far below the expected 110,000. The new ADP report shows hiring momentum is fading despite steady wage growth. President Donald Trump, reacting on Truth Social, urged the Fed to cut interest rates, citing aggressive rate cuts in Europe. With wage gains still strong, the pressure now shifts to the Federal Reserve’s next move. This slowdown raises big questions about where the U.S. economy is headed next ...