The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says
1. Private sector jobs lost 33,000 in June, marking significant contraction. 2. Economists expected a gain of 100,000 jobs; this report contradicts those predictions. 3. Service roles saw the biggest declines, affecting S&P 500 companies in those sectors. 4. The unemployment rate may tick up to 4.3% from 4.2%, indicating weaker job market. 5. S&P 500 has gained over 4% this year, despite recent job loss data.