From ADP: ADP National Employment Report: Private Sector Employment Shed 32,000 Jobs in November; Annual Pay was Up 4.4%
“Hiring has been choppy of late as employers weather cautious consumers and an uncertain
macroeconomic environment,” said Dr. Nela Richardson, chief economist, ADP. “And while November’s
slowdown was broad-based, it was led by a pullback among small businesses.”
emphasis added
This was below the consensus forecast of 20,000 jobs added. The BLS report will NOT be released on Friday due to the government shutdown.