US Private Payrolls Downbeat in November: ADP Report
A disappointing report from ADP has revealed that private payrolls in the US unexpectedly declined by 32,000 jobs in November, bucking economists' expectations of an increase. The employment data, which is closely watched as a precursor to the government's employment numbers due out later this month, was significantly lower than the upwardly revised 47,000 gain in October.
The ADP report, jointly developed with the Stanford Digital Economy Lab, has historically diverged from the Bureau of Labor Statistics' count, providing a mixed picture of the labor market. The discrepancy highlights the complexities and uncertainties surrounding US employment trends, particularly under the backdrop of ongoing trade tensions that have left economic conditions in a state of paralysis.
Economists polled by Reuters had forecast an increase of 10,000 jobs after a rebound in October, which was initially reported as 42,000 but later revised upward. The slowdown in private payrolls has sparked concerns about labor market conditions and the potential for a downturn, albeit one that could be mitigated by sustained hiring activity in industries such as construction.
The government's employment report, due out on December 16, is expected to show non-farm payrolls growth but may not provide a clear reading on the overall jobless rate, which remains unreported for October due to the prolonged federal shutdown.
A disappointing report from ADP has revealed that private payrolls in the US unexpectedly declined by 32,000 jobs in November, bucking economists' expectations of an increase. The employment data, which is closely watched as a precursor to the government's employment numbers due out later this month, was significantly lower than the upwardly revised 47,000 gain in October.
The ADP report, jointly developed with the Stanford Digital Economy Lab, has historically diverged from the Bureau of Labor Statistics' count, providing a mixed picture of the labor market. The discrepancy highlights the complexities and uncertainties surrounding US employment trends, particularly under the backdrop of ongoing trade tensions that have left economic conditions in a state of paralysis.
Economists polled by Reuters had forecast an increase of 10,000 jobs after a rebound in October, which was initially reported as 42,000 but later revised upward. The slowdown in private payrolls has sparked concerns about labor market conditions and the potential for a downturn, albeit one that could be mitigated by sustained hiring activity in industries such as construction.
The government's employment report, due out on December 16, is expected to show non-farm payrolls growth but may not provide a clear reading on the overall jobless rate, which remains unreported for October due to the prolonged federal shutdown.
So, ADP report showed private payrolls went down in November, which is defo not what economists were expecting 
Can't help but wonder if trade tensions are indeed affecting hiring activity? Like, we all know it's been a tough time for the economy, and this slowdown doesn't bode well for labor market conditions 
. Still, construction industry seems to be doing alright, so fingers crossed that sustained hiring there can help mitigate any potential downturn 
. Dec 16 is gonna be an interesting day when the government report comes out 
. And with trade tensions still simmering, it's like the whole labor market is just stuck in limbo 
. The construction industry being the only bright spot is cool, but I'm not sure if that's enough to balance out the rest of the job market. It's all setting up for that government report on December 16th 
... will we see some growth or what? 
. It's like a big damper has been put on economic hopes for the month, especially with all these trade tensions going on and stuff 
. I'm worried that this slowdown could be the start of something bigger, you know? But at the same time, construction is still hiring left and right, so maybe it's not all doom and gloom 
. We'll just have to wait for that government report next month to see what's really going on 
I was really hoping to see some good news about jobs and the economy, but this ADP report is like a punch in the gut. 32,000 fewer jobs? That's not what you want to hear, especially with all these trade tensions going on. I mean, I know it's not all doom and gloom, construction is still hiring and all, but still... 
but on the other hand if industries like construction keep hiring stuff might turn out okay 
plus the government's employment report is coming soon which could give us more info 
the thing that keeps me up at night is how this affects the rest of the world. if us jobs are struggling, it's gonna have ripples everywhere else too 
. also, the fact that gov employment report might show growth but still leave us wondering bout jobless rate? 
thats just part of the puzzle 
now we gotta wait for the gov's report on Dec 16 to see if it lives up to expectations