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Private sector employers cut 33,000 jobs in June, the first decline in over two years, while annual pay grew 4.4% year-over-year, payroll giant ADP reported.
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The monthly drop was the first in two years, as economic uncertainty slowed hiring to a trickle.
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Stock Market Today: Dow Jones Index Dips On Surprise Jobs Data; Tesla Jumps (Live) Investor's Business DailyThe private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says CNBCStock market today: Nasdaq pops, leading Dow and S&P 500 higher amid Vietnam trade deal, weak jobs data Yahoo FinancePrivat
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Be very skeptical of ADP report showing economy lost jobs for the first time in years MarketWatchThe private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says CNBCUS private payrolls post first drop in more than two years; layoffs still low ReutersFox Host Stumbles After Seeing Terrible Jobs Report Live on Air The New Republic
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