Payrolls at U.S. businesses shrank by 32,000 jobs in November, according to payroll processor ADP, highlighting concerns about the health of the labor market.
This was the largest monthly job loss since early 2023, according to ADP data.
“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,” said Nela Richardson, chief economist at ADP.
Small businesses with fewer than 20 workers shed 46,000 positions. Businesses with between 20 and 49 workers saw an even larger contraction of 74,000…
Read the full article at BREITBART.COM
