Official labor numbers from the U.S. Bureau of Labor Statistics showed a higher-than-expected increase of147,000 jobs in June. The ADP report, released Wednesday, pointed to a decrease of 33,000 private sector jobs.

U.S. private payrolls fell for the first time in more than two years in June as economic uncertainty hampered hiring, but low layoffs continued to anchor the labor market.

July 2 (UPI) -- Private payrolls declined in June, far off analysts' expectations that they would grow, according to data released by private payroll processor ADP on Wednesday. U.S. private employers lost 33,000 jobs in June, the first time private jobs declined since March 2023, the monthly report said .