Private Payrolls Slow in November: What Does It Mean for Markets?
The U.S. labor market showed signs of cooling in November, as private payrolls rose by just 146,000, according to ADP’s latest report. This figure fell short of Dow Jones’ forecast of 163,000 and marked a slowdown from October’s downwardly revised 184,000. The deceleration highlights mixed performance across industries, suggesting the labor market’s resilience is being tested.
What Sectors Led or Lagged?
Education and health services drove growth, adding 50,000 positions, followed by construction (+30,000), trade, transportation, and utilities (+28,000), and other services (+20,000). However, manufacturing stood out as a weak spot, shedding 26,000 jobs—its sharpest decline since spring. Small businesses…
Read More
