Job Market News -
Payroll giant ADP estimated that 32,000 jobs were lost in the private sector last month, a large drop-off from the upwardly revised 47,000 jobs gained in October.
The job losses were overwhelmingly at small establishments (classified as having between one and 49 employees), which shed an estimated 120,000 jobs last month. Medium and large businesses added 51,000 jobs and 39,000 jobs, respectively.
By industry, the losses were more broad based, with some of the deeper drops in industries such as professional and business services, information and manufacturing.
Source: CNN
Remember - these numbers are regularly adjusted after publication and with seasonal employment on the rise (ex. retail, shipping during the holidays), expect these numbers to reverse.
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