ADP, jobs and Small business
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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.
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 report risks heightening concerns of a faster deterioration in the labor market ahead of the Federal Reserve’s final policy meeting of the year.