The employment report released by ADP, an American automated data processing company, on Wednesday showed an unexpected drop in the number of people employed in the private sector in November. The revised October data showed an increase of 47,000 people, but the number of private sector jobs decreased by 32,000 in November. The US Bureau of Labor Statistics will release the much-publicized November employment report on December 16. The report was originally scheduled to be released on December 5. It was delayed due to the recent government shutdown, and will include non-farm payrolls data for October. Despite ADP data showing worsening labor market conditions, the number of first-time applicants for state unemployment benefits still fits the “no hiring, no layoffs” market narrative. Economists say economic uncertainty brought about by tariff policies has brought the labor market to a standstill. The economy added only 119,000 jobs in September, and the unemployment rate rose to a four-year high of 4.4%.

The employment report released by ADP, an American automated data processing company, on Wednesday showed an unexpected drop in the number of people employed in the private sector in November. The revised October data showed an increase of 47,000 people, but the number of private sector jobs decreased by 32,000 in November. The US Bureau of Labor Statistics will release the much-publicized November employment report on December 16. The report was originally scheduled to be released on December 5. It was delayed due to the recent government shutdown, and will include non-farm payrolls data for October. Despite ADP data showing worsening labor market conditions, the number of first-time applicants for state unemployment benefits still fits the “no hiring, no layoffs” market narrative. Economists say economic uncertainty brought about by tariff policies has brought the labor market to a standstill. The economy added only 119,000 jobs in September, and the unemployment rate rose to a four-year high of 4.4%.