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

The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.

Dec 3, 2025 6

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports
The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.
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