In a surprising turn of events, the US private sector lost 33,000 jobs in June, according to the latest ADP National Employment Report. This figure starkly contrasts with expectations of a job increase of up to 115,000. It marks the first decline in employment since 2023, indicating a slowdown in the labor market as layoffs remain relatively low. Despite the decrease, annual pay has risen by 4.4%. Analysts are closely examining the implications of these job losses amidst ongoing trade tensions and their potential impact on economic stability.