Job growth in the private sector remained sluggish heading into November, new data from private payroll processor ADP has revealed.
Private employers trimmed an average of 2,500 jobs per week in the four weeks ending Nov. 1, according to the ADP report published on Nov. 18.
This follows last week’s report, which found that private businesses were shedding payroll by an average of 11,250 per week over the previous four-week period.
For months, economists and policymakers have discussed the trend of a “low fire, low hire” environment. While hiring has slowed from earlier in the year, ADP reports that the data indicate new hires have accounted for an increasing share of job creation….
US Private Sector Cut 2,500 Jobs Per Week Heading Into November: ADP
