Economy

Despite tepid growth, and even declines, in sectors such as retail, hiring in healthcare, leisure and hospitality, government, and manufacturing drove a gain in payrolls last month.

According to ADP, the labor market last month added the fewest jobs since early 2021.

Although economists are increasingly confident the economy can bypass a recession, consumers' six-month outlook has fallen to the lowest it's been since May.

Investment in transformation, technology, and talent emerge as top priorities.

In Germany, overall economic activity declined at the fastest pace since the first wave of the pandemic, in May 2020.

Inflation-adjusted spending was little changed in May and has essentially stalled since February, setting up the economy for a substantial slowdown.