Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K rise.
Hiring was particularly weak in manufacturing (-18K), professional and business services (-26K), information (-20K), construction (-9K) and financial activities (-9K). On the other hand, job gains occurred in education and health services (33K), leisure and hospitality (13K), natural resources and mining (8K) and trade, transportation and utilities (1K).
Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment. And while November's slowdown was broad-based, it was led by a pullback among small businesses", according Dr. Nela Richardson, chief economist, ADP.
Small establishments lost 120K jobs while medium companies added 51K and large rose created 39K. Meanwhile, annual pay for job-stayers rose 4.4%, down from 4.5%. For job-changers, pay was up 6.3%, below 6.7% in Octobe
Source: Trading Economi
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