ADP says U.S. economy lost jobs for third time in four months. Fed to weigh weak labor market in rate-cut vote.

Privately run businesses eliminated jobs in November for the third time in four months, pointing to a broad slowdown in hiring that threatens to nudge unemployment higher and chip away at the economy.

November ADP Jobs Data Could Complicate the Fed’s Rate Decision

The monthly ADP National Employment Report for November is set to be released at 8:15 a.m. Eastern on Wednesday

ADP: Private payrolls dropped 32,000 positions last month in slowing job market

US private employers lost 32,000 positions in November, with job creation seemingly locked in a standstill, according to the private payroll processor ADP.

The Job Market Is In Its Worst Stretch Since The Pandemic

Private employers shed 32,000 jobs in November, disappointing forecasters' expectations and marking the worst four-month stretch for the job market since 2020.
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