U.S. Private Payrolls Drop 32,000 in November, Signaling Economic Softening
In November, U.S. private payrolls unexpectedly declined by 32,000, primarily due to significant job cuts in small businesses, signaling a slowdown in the labor market. Larger firms added jobs, but the overall decrease was the largest since March 2023, raising concerns ahead of the Federal Reserve's upcoming rate decision.
