A first look at November hiring shows the private sector lost 32,000 jobs

Hiring dropped off significantly at US private-sector businesses in November, according to new data from payroll giant ADP.

Why are so many Americans losing their jobs this year?

A new report finds U.S. businesses have announced over 1.1 million layoffs so far this year. The layoff rate for first 11 months of the year is at it highest level since 2020. Business restructuring, AI and market conditions are the primary drivers of job reductions.

U.S. lost 32,000 private-sector jobs last month in surprise drop, ADP data shows

Weakening job growth could lock in an interest rate cut by the Federal Reserve next week, according to economists.

California hammered as national job cuts jump to a five-year high

California employers announced 173,022 job cuts in the first 11 months of this year, up nearly 14% from the same period last year, according to data from outplacement firm Challenger, Gray & Christmas.

ADP says US payrolls in November fell by 32,000

US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market. Private-sector payrolls fell by 32,000 according ADP data on Wednesday.
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