The ADP jobs report shows that the U.S. private sector lost 32,000 jobs in November, contrary to expectations of an increase of 10,000, and is also the lowest level since March 2023.
Job growth in the U.S. in the second half of 2025 has nearly stalled. In November, hiring demand weakened significantly in manufacturing, professional services, trade, information technology, and construction.
Currently, the probability of the FED cutting interest rates by 0.25% in the meeting early on December 11 remains at 89%.
