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flag U.S. private jobs dropped 32,000 in November, mostly due to small business layoffs, surprising economists and raising recession concerns.

flag U.S. private-sector employment fell by 32,000 jobs in November, marking the largest decline since early 2023 and reversing October’s 47,000 gain, ADP reported. flag Small businesses lost 120,000 jobs, while medium and large firms added 51,000 and 39,000, respectively. flag Weak hiring in manufacturing, professional services, and construction drove the decline, surprising economists who expected a modest gain. flag The report, delayed by the federal shutdown, raises concerns about a slowing economy and could influence the Federal Reserve’s December interest rate decision. flag The official government jobs report is due December 16.

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