By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s main indexes lost more than 1% on Thursday, with Nasdaq leading the declines, as evidence of a tight labor market eroded hopes that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. Thursday’s ADP National Employment report showed a higher-than-expected rise in private employment in December. Another report showed weekly jobless claims fell last week. On Wednesday, another data set showed a moderate fall in U.S. job openings. While a strong labor market would usually be welcomed …