In Reply to: He doesn't understand the concept of insurance. posted by mh on December 03, 2025 at 13:08:54
Private employers in the United States shed 32,000 jobs in November, payroll processor ADP said Wednesday. Economists surveyed by Dow Jones had been expecting to see an increase of 40,000.
ADP chief economist Nela Richardson described November's jobs data as a "slowdown" that was "broad-based." The drop was "led by a pullback among small businesses," she said.
Small firms with fewer than 50 employees led the contraction by far, shedding 120,000 jobs.
Smaller businesses have less money and fewer resources than larger companies to contend with higher costs from tariffs, rising utility bills and other economic pressures.
The Main Street Alliance, which consists of 30,000 small-business owners, blamed President Donald Trump and his fellow Republicans for the difficult conditions.
"Today’s ADP report showing a loss of 120,000 small business jobs in November highlights the lasting damage of Trump-era and Republican economic policies," Richard Trent, the group's executive director, told NBC News. "Trade wars, healthcare cuts, and tax breaks for big corporations have left Main Street businesses struggling to hire and grow."
The pace of hiring also slowed at medium- and large-sized businesses, although these firms still added a net number of positions.
"There would have been a net increase in hiring, but it is those mom-and-pop, Main Street companies, firms, small businesses and establishments that are really weathering what is a uncertain macro environment and a cautious consumer,” Richardson told reporters on a conference call.