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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 ...
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ripple effect of shut down?
are ngo’s included in this?
October - GAINED a revised 47,000 workers in all sectors.
November GAINED 90,000 workers in all sectors.
What am I missing? Oh, I see. This is BS from CNBC. Got it!
Absolutely. ADP uses a snapshot. Anyone laid off at a given date in November is “out of work.” And so many support jobs are dependent on govt workers. You’ve got 4 million people on govt contracts. Most will be unaffected by the shutdown, but 32,000 is less than 1%.
CNBC specializes in shadow-bannigng obvious stuff. Yesterday, failed to acknowledge departure of 2 million illegals while reporting rise in apartment vacancies, today doesn’t mention 44 day government shut down
and business dependent on ngo’s and govt regulations.
“32,000?”
I kept looking for a multiplier, or an indication of a limited geographic area, like the state of New Jersey.
What other instance of a relatively meager blip of 32k jobs NATIONWIDE would warrant this kind of attention under any other administration?
Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers.
net not referenced in other info so very suspicious.
I would rather see more small business but the type of small business is very important. small business built on die and govt regulation, not so much.
Remember, EVERYTHING you read is fake news until proven otherwise.
With all these job cuts, what the hell are we going to do with all of Joe Pedo’s 20 million illegal alien freeloaders? Fed them with SNAPPER ratiions?
ADP is actually one of the data points people should pay attention to.
It is a true, raw data metric. It’s not a survey and it’s not a guess. It’s how many people are getting paid. There is not a clearer or more simple measure out there.
CNBC is just the deliverer of the news.
The choice is between more jobs and continued stubborn inflation or less jobs and stagnant or lower inflation.
Which way would you go if you were on the FED?
Is there any possibility that some of these small businesses were losing illegal alien employees?
ADP is always wrong- i mean always...when they forecast a big gain in jobs, the DOL shows the opposite...when they post grim news, the DOL posts the opposite...
I guess that depends on who you consider the “honest broker”. If you think the BLS is the “truth”, I would suggest that you reconsider.
ADP is a summation of actual data. BLS’s numbers are estimates and a survey. Both of which are extremely flawed. They are revised in wild swings.
“November GAINED 90,000 workers in all sectors. What am I missing?”
There are two numbers, large business which added 90k, and small business which cut 120k, so add those together and you get an overall job loss of 30k across all sectors.
Agree- how the country was creating 200,000 or 250,000 or 300,000 jobs month after month always seemed suspect to me.
With AI, it’s only going to get worse.
ADP doesn’t forecast anything.
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