US private payrolls unexpectedly declined in November, ADP says
AI Summary
The ADP employment report indicated that US private payrolls unexpectedly decreased by 32,000 jobs in November, a contrast to economists' expectations of a 10,000 job increase. This figure follows an upwardly revised increase of 47,000 jobs in October. The ADP report, created with the Stanford Digital Economy Lab, has historically differed from the government's Bureau of Labor Statistics data. The BLS will release its delayed November employment report on December 16, which will include non-farm payrolls for October. The October unemployment rate will not be available due to the government shutdown. While the ADP report suggests a weakening labor market, unemployment benefit applications remain stable, and economists attribute the uncertainty to tariffs.
Key Entities & Roles
Keywords
Sentiment Analysis
Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
Topic Connections
Explore how the topics in this article connect to other news stories