Indian Clarity

Light. Truth. Clarity.

Loading ad...
Economy

Hiring by American businesses dropped last month, according to an estimate from payroll processor ADP

In November, private employers in the U. S. experienced a surprising decline, shedding 32,000 jobs according to ADP's estimate, following an upwardly revised gain of 47,000 jobs in October. This unexpected drop comes as economists had anticipated a modest increase in employment.

Hiring by American businesses dropped last month, according to an estimate from payroll processor ADP

Key Highlights

  • ADP reported a loss of 32,000 private sector jobs in November.
  • October's job increase was revised up to 47,000.
  • Economists expected a rise of 10,000 jobs for November.
  • The Bureau of Labor Statistics will release the official employment report on December 16.
Loading ad...

Sources

  1. US private payrolls unexpectedly declined in November, ADP says
  2. Hiring by American businesses dropped last month, according to an estimate from payroll processor ADP

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Related Stories

Loading ad...