In labor news, new reporting from the payroll processing firm ADP shows the U.S. economy lost 32,000 jobs last month, led by a drop in small business employment. Most industries laid off workers, with net gains seen only in the hospitality and healthcare sectors. A year ago, the U.S. economy was adding about 200,000 jobs per month; now, it’s had its first three-month decline since the 2020 recession.