The U.S. labor market data for mid-2025 shows mixed signals with job openings and private payroll changes. The Job Openings and Labor Turnover Survey (JOLTS) reported 7.769 million job openings in May, exceeding expectations of 7.3 million and the prior month's 7.391 million. However, June's JOLTS job openings declined to 7.437 million, below the forecast of 7.5 million and down from May's 7.769 million. In contrast, the ADP Employment Change report for July indicated a private sector payroll increase of 104,000 jobs, surpassing the forecast of 75,500 and marking a rebound from June's revised loss of 33,000 jobs. This ADP report suggests ongoing labor market resilience despite the decrease in job openings in June.