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November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts: ADP
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ADP reports a significant drop in private payrolls, with 32,000 jobs lost in November, marking the fourth negative month in the last six. The forecast was a loss of 40,000 jobs, but the actual figures were slightly better. Goods-producing sectors lost 19,000 jobs, and service-producing sectors shed 13,000. Small businesses were hit hardest, losing 120,000 jobs, while medium and large businesses gained 51,000 and 39,000 jobs, respectively. Since April, small businesses have faced job losses in si
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The latest weekly unemployment numbers are set to be released Thursday amid a cooling labor market. The latest numbers from payroll processor ADP show that private employers lost 32,000 jobs in November, despite economists forecasting 40,000 jobs would be added. NewsNation’s Alicia Nieves joins “Morning in America” with a closer look at the state of the economy. | NewsNation
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