US private sector sheds 32,000 jobs in November

3rd Dec 2025 14:19

(Sharecast News) - US private employers cut 32,000 jobs in November, according to data from ADP, taking a bite out of October's upwardly revised 47,000 gain and missing estimates of an increase of 10,000.

November's print marked the biggest decline in payrolls since March 2023, as 120,000 job cuts at small establishments offset growth of 51,000 and 39,000 at medium-sized and large companies, respectively.

Among sectors, declines were seen in manufacturing, professional/business services, information, construction and financial activities, while job gains were seen in education/health services, leisure/ hospitality, natural resources/mining and trade, transportation and utilities.

"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.", according to ADP's Nela Richardson.

Meanwhile, annual pay for job-stayers rose 4.4%, up from 4.5% in October, while job-changers saw pay rise 6.3%, versus 6.7% in the prior month.

Reporting by Iain Gilbert at Sharecast.com