US private payrolls decline in November as small businesses shed jobs

Core Viewpoint - U.S. private payrolls saw an unexpected decline in November, primarily due to job losses in small businesses, although this may not accurately reflect the overall health of the labor market [1] Group 1: Labor Market Insights - Small businesses contributed to the job losses in November, indicating potential vulnerabilities in this sector [1] - Recent government data suggests that layoffs remained at low levels towards the end of last month, which may indicate a more stable labor market than the payroll data suggests [1]