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ADP Private Employment Down 32,000 in November, Annual Pay Increases 4.4%
ByAinvest
Wednesday, Dec 3, 2025 8:46 am ET1min read
ADP's National Employment Report shows private sector employment decreased by 32,000 jobs in November, below the consensus forecast of 20,000 jobs added. Dr. Nela Richardson, chief economist at ADP, attributes the slowdown to cautious consumers and an uncertain macroeconomic environment, with small businesses leading the pullback.
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