Posted on 12/03/2025 6:22:06 AM PST by bigdaddy45
The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday.
With worries intensifying over the domestic jobs picture, ADP indicated the issues were worse than anticipated. The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions, and was well below the Dow Jones consensus estimate from economists for an increase of 40,000.
Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers.
(Excerpt) Read more at cnbc.com ...
*PING* to Post #20. Rude of me not to ping our Host with my ground-shattering observations, LOL! Sorry!
A lot of factories in colder climate shut down in winter due to hearmting costs.
The workers get “laid off” and come back in Feb. Workers take all the accrued vacation and sick time in cash and get to receive unemployment checks.
At least in the late 70s, early 80s. Saw it at a Whirlpool in Ft. Smith Ark.
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