#usjobsdata The latest U.S. jobs data shows a cooling labor market: private payrolls fell by 32,000 in November 2025, while official government figures for September reported only modest growth of 119,000 jobs and an unemployment rate steady at 4.4%. U.S. Bureau of Labor Statistics CNBC
📊 Quick Breakdown: U.S. Jobs Data (Late 2025)
September 2025 (Official BLS Report)
Nonfarm payrolls: +119,000 jobs (little change since April).
Unemployment rate: 4.4% (stable).
Growth sectors: Health care, food services, social assistance.
Trend: Job creation slowing, with gains concentrated in service industries U.S. Bureau of Labor Statistics.
November 2025 (ADP Private Payrolls Report)
Private payrolls: –32,000 jobs (unexpected decline).
Small businesses: –120,000 jobs (sharp cuts).
Mid/large firms: +90,000 jobs (offsetting some losses).
Fed context: This was the last jobs snapshot before the December 9–10 Fed meeting CNBC.
Other Private Reports (December 2025)
Challenger & Revelio Labs: Indicated job losses accelerating, fastest pace since the pandemic.
Narrative: Suggests the labor market may be shrinking outright Investopedia.
🧭 Key Takeaways
Cooling momentum: The U.S. labor market is losing steam, especially in small businesses.
Sector divergence: Health care and food services remain resilient, while small firms struggle.
Policy implications: Weakening jobs data could influence Fed decisions on interest rates.
Risk signal: Rising layoffs and slower hiring point to potential recessionary pressures.
📌 Snapshot Table
Report SourcePeriodJobs Added/LostUnemployment RateNotes
BLS (Official)Sept 2025+119,0004.4%Gains in health care, food services
ADP (Private)Nov 2025–32,000N/ASmall biz cuts, large firms hiring
Challenger/RevelioDec 2025Net lossesN/AFastest decline since pandemic
🔑 Bottom Line
The U.S. jobs data signals a slowdown: official numbers show modest growth, but private reports highlight job losses and stress in small businesses. This divergence underscores the fragility of the labor market heading into 2026.