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

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

    From morningstar.com

    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 undermine the economy. ADP said businesses shed 31,000 jobs last month, marking the biggest decline since spring 2023. The last time hiring was this weak was during the pandemic. The latest ADP report confirms that a broad hiring freeze remains in place as the year draws to a close. "Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment," said Nela Richardson, chief economist at ADP, ... (full story)

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Trader#BFE8
Dec 3, 2025 8:25am
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For those who missed it:

"ADP is now releasing weekly updates to its National Employment Report (NER) to provide a more real-time picture of the labor market, moving beyond the older monthly format. This shift was prompted by a desire to track structural economic changes and is based on high-frequency data from ADP's payroll clients. The new weekly series includes a four-week moving average and will offer preliminary estimates that are a clearer and more immediate gauge of employment trends."
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Shiham
Dec 3, 2025 8:31am
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Quoting Trader#BFE8
For those who missed it: "ADP is now releasing weekly updates to its National Employment Report (NER) to provide a more real-time picture of the labor market, moving beyond the older monthly format. This shift was prompted by a desire to track structural economic changes and is based on high-frequency data from ADP's payroll clients. The new weekly series includes a four-week moving average and will offer preliminary estimates that are a clearer and more immediate gauge of employment trends."
more volatility in a week
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