US Private Payroll Jobs Decline in November After October Increase
ADP private payrolls declined by 32,000 in November following an upwardly revised increase of 47,000 in October, which was previously reported as a 42,000 rise. Economists had forecast a modest increase of 10,000 private payroll jobs for November. The ADP data, produced in collaboration with the Stanford Digital Economy Lab, has historically diverged from the government’s Bureau of Labor Statistics (BLS) private payroll figures.
The official BLS employment report for November is scheduled for release on December 16, having been delayed due to the federal government shutdown. The unemployment rate for October remains unknown because household survey data were not collected during the shutdown period.
Claims for first-time state unemployment benefits have remained steady, reflecting a "no hire, no fire" labor market narrative. Economists attribute ongoing labor-market uncertainty to tariffs, which has contributed to a stagnant hiring environment.
In the September report, the US economy added 119,000 jobs, while the unemployment rate rose to 4.4%.
