Did the U.S. economy really lose jobs in June for the first time since the pandemic? Payroll king ADP says yes, but investors ought to take its report with a very large grain of salt.

Private sector jobs fell by 33,000 in June, the first decline since March 2023. Yahoo Finance Senior Reporters Brooke DiPalma and Jennifer Schonberger join Morning Brief to explain what the ADP report signals ahead of Thursday's key BLS jobs report.