律动BlockBeats|Dec 03, 2025 13:29
**[U.S. ADP Report Signals Deterioration in Labor Market, November Employment Unexpectedly Declines]**
BlockBeats News, December 3 – The U.S. Automatic Data Processing (ADP) company released its employment report on Wednesday, showing an unexpected decline in private sector employment in November. Revised data for October indicated an increase of 47,000 jobs, but private sector employment fell by 32,000 jobs in November.
The U.S. Bureau of Labor Statistics is set to release the highly anticipated November employment report on December 16. Originally scheduled for December 5, the release was delayed due to the recent government shutdown and will include October's non-farm payroll data.
Although ADP data indicates a worsening labor market, initial state unemployment claims remain consistent with the market narrative of "no hiring, no layoffs." Economists suggest that economic uncertainty caused by tariff policies has stalled the labor market. In September, the U.S. economy added only 119,000 jobs, while the unemployment rate rose to a four-year high of 4.4%. (Jin10)
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