ADP shows November job loss
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Small businesses are starting to crack amid a weakening economy, rising costs and fickle consumers; and they drove job losses in the US private sector in November, payroll giant ADP reported Wednesday.
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US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market. Private-sector payrolls fell by 32,000 according ADP data on Wednesday.