Trump causes more job losses: private companies shed 32,000 jobs in November

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Cypress

Well-known member

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports​

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

Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers. However, establishments with fewer than 50 saw a decline of 120,000.


 
Cypress said:

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports​

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

Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers. However, establishments with fewer than 50 saw a decline of 120,000.


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If this is true and continues it will be interesting.
 
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