Job Market Stagnates: ADP Reports Job Loss
Update: 2025-12-03
Description
US job market stalls: ADP reports a decrease of 32,000 jobs in November, marking a period of little growth. Small businesses struggle, with losses in manufacturing, construction, and professional services. Education and health services are a bright spot, adding jobs. Unemployment rate expected to remain at 4.4% in November, indicating prolonged low hiring activity. Federal Reserves Beige Book highlights subdued labor demand and AI replacing entry-level positions.
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