Small Businesses at Center of November’s Private-Sector Job Losses: ADP

Wage gains for job-stayers and job-changers also slowed last month.
Small Businesses at Center of November’s Private-Sector Job Losses: ADP
A hiring ad is displayed at a store in Columbia, Md., on Sept. 18, 2025. Madalina Kilroy/The Epoch Times
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U.S. private sector payrolls unexpectedly declined in November, pointing to a sluggish labor market in the home stretch of 2025, new ADP data released on Dec. 3 show.

Private businesses eliminated 32,000 positions last month, following an increase of 47,000 jobs in October, according to the payroll processor’s National Employment Report.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."