Private Employers Shed 32,000 Jobs Last Month—Most Since 2023

A historic decline comes as Wall Street anticipated slight growth through the month.Employment in the U.S. private sector plummeted faster than expected in November, according to a report from the payroll processing firm ADP, marking the largest decline in years as small businesses were hit hardest.Private-sector payrolls decreased by 32,000 in November, ADP reported, well below Wall Street’s estimate for an added 40,000 jobs, according to FactSet.That matches the largest single-month decline since March 20 ...