U.S. private-sector hiring showed early signs of stabilizing in late November, with new ADP data pointing to a modest pickup in job creation after weeks of contraction, even as small businesses continue to shoulder the brunt of labor-market weakness.
In its latest NER Pulse update, payroll processor ADP said private employers added an average of 4,750 jobs per week in the four weeks ending Nov. 22. The positive job creation data—released on Dec. 9 alongside a blog post from ADP chief economist Nela Richardson—marks the first weekly improvement after four straight weeks of negative readings.
