US Private Payrolls Fall by 32,000 in November Amid Small Business Job Losses
TL;DR Summary
US private payrolls declined by 32,000 in November mainly due to small business layoffs, but this may not reflect the overall labor market health, as government data shows low layoffs and the ADP report's reliability is questionable. Import prices remained unchanged in September, with tariffs and currency fluctuations influencing costs. The upcoming official employment report is delayed, and Federal Reserve rate decisions may be influenced by these mixed signals.
- US private payrolls decline in November as small businesses shed jobs Reuters
- November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports CNBC
- Companies shed 32,000 workers in November: ADP The Hill
- A first look at November hiring shows the private sector lost 32,000 jobs CNN
- ADP: Private payrolls dropped 32,000 positions last month in slowing job market Yahoo Finance
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