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Small businesses lead November job losses as tariff uncertainty weighs on hiring

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1 week ago

Small businesses lost over 100,000 jobs in November amid economic uncertainty, the latest ADP private sector payrolls report showed.ADP's November employment report revealed that private sector firms cut 32,000 jobs in November overall. The decline was led by small businesses, which lost 120,000 jobs in November, while medium businesses (defined as between 50 and 499 employees) added 51,000 jobs and large establishments added 39,000 jobs to offset some of the monthly decline.ADP chief economist Nela Richardson noted that hiring "has been choppy of late as employers weather cautious consumers a...

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1 week ago
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