Private jobs report reveals steep decline in hirings for November – IOTW Report

Private jobs report reveals steep decline in hirings for November

JTN: The private sector added a net 127,000 jobs in November, according to a monthly report from payroll processing firm ADP.

The group reported 239,000 jobs added in October, per CNBC. November’s numbers marked the lowest since January of 2021. The ADP metric precedes that of the Labor Department by two days.

The leisure and hospitality sector lead industries for growth with 224,000 new posts while manufacturing firms, professional and business services, financial activities, information services, and goods-producing industries all posted significant losses. MORE


7 Comments on Private jobs report reveals steep decline in hirings for November

  1. From my vantage point, things are going to get REAL lean. And why not? They’ve taken every logical step necessary to wreck the economy.
    I heard one of the financial talking heads mention the D WORD the other day.

  2. The current problem is that anybody that actually wants a job, has a job.
    All that’s left is the derelict misfit useless POS that think they are entitled to be CEOs with ZERO experience.
    Every time I go to the auto parts store and they’re all sitting on their stools scrolling through their phone.
    A friend of mine is a foreman on a construction crew. He took all their phones away one day and their Mom’s called the corporate office and complained. He was told he couldn’t do that.
    To many participation awards.

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  3. The IRS is hiring. If you’re ready and willing to open fire on fellow citizens you can skip to the front of the line.

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