Financial markets took in stride signs of malaise in the US labor market. Wall Street is on pace to finish the day in the black, with the bellwether S&P 500 index probing its highs for the year. ADP Inc reported that its gauge of private payrolls showed a loss of 33,000 jobs in June. That marks the first negative reading since March 2023. This data precedes official employment figures from the Bureau of Labor Statistics (BLS). It is expected to show that nonfarm payrolls rose by just 110,000 last month, amounting to the smallest increase since October 2024. The unemployment rate is seen rising to 4.3%, the ... (full story)