| U.S. private employers shed 32,000 jobs in November |
Private employers in the U.S. shed 32,000 jobs in November, according to the latest data from payroll processor ADP, published in collaboration with the Stanford Digital Economy Lab. The median estimate in a Bloomberg survey of economists called for a 10,000 gain. Education and health services led gainers with 33,000 hires, while leisure and hospitality added 13,000. The biggest loss was seen in professional and business services, with a decline of 26,000. Information services lost 20,000 roles, manufacturing 18,000, and financial activities and construction 9,000 each. Larger businesses, those with more than 50 employees, reported a net gain of 90,000 workers, while smaller firms lost 120,000.