"Wage growth was running quite a bit faster six or eight months ago compared with how fast it's running today."

Experts say what this could show is an economy that is slowing but also 7normalizing after years of strong growth in the 8labor market.

"There has only been around one 9unemployed worker for every two 10job vacancies. That's way below the ratio that employers are used to even in a very strong economy."

The biggest job losses were in finance which lost about 51,000 jobs.11 Professional and business services about 46,000 and 12manufacturing30,000. On the other hand, these sectors saw growth with 13leisure and hospitality gaining 98,000 jobs. Chief economist with ADP Nela Richardson says this data isn't only a positive sign for the Fed but also for smaller businesses. 

Giant companies like Walmart and Amazon also 14dealing with 15layoffs. Amazon 16eliminated roughly 30,000 jobs since the beginning of the year. And Walmart announced more than 2,000 workers will be laid off at five US 17warehouses.