US Job Growth Disappoints in Latest Warning Sign for Economy

American employers added just more than 100,000 jobs in November, far below market expectations and the latest sign of trouble in the U.S. economy.

The Department of Labor building in Washington on Nov. 13, 2023. Madalina Vasiliu/The Epoch Times

U.S. employers added barely more than 100,000 new jobs in November, according to payroll processor ADP, with the number coming in well below market expectations and a fresh sign that the labor market is cooling as recession warnings abound.

Private U.S. employers added just 103,000 new jobs in November, a disappointing figure in the face of consensus estimates on Wall Street that expected 128,000 new positions.