November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports

[BumRushDaShow]

Source: CNBC

Published Wed, Dec 3 2025 8:15 AM EST


The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday.

With worries intensifying over the domestic jobs picture, ADP indicated the issues were worse than anticipated. The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions, and was well below the Dow Jones consensus estimate from economists for an increase of 40,000.

Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers.

However, establishments with fewer than 50 workers saw a decline of 120,000, including a drop of 74,000 among firms with 20 to 49 employees. The total loss was the biggest drop since March 2023.

Read more: https://www.cnbc.com/2025/12/03/adp-jobs-report-november-2025-private-payrolls-unexpectedly-fell-by-32000-.html

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The only ones who might have considered this "unexpected" is the 45 administration and some of the clueless business media.

TARIFFS.

Look at the bankruptcies report that just released - https://www.democraticunderground.com/10143575992