ADP Report: Private Sector Lost 32,000 Jobs in November, Wages Up 4.4% Over Year
Dec 3, 2025
According to the November ADP National Employment Report, private sector employment in the United States decreased by 32,000 jobs. This data was compiled by ADP Research in collaboration with the Stanford Digital Economy Lab.
Despite the decline in jobs, the report showed that annual pay for workers in the private sector increased by 4.4% compared to the previous year.
This employment report is closely watched by investors and policymakers as it provides an early look at labor market trends ahead of the government's official jobs report.
What is the ADP National Employment Report?
The ADP National Employment Report is a monthly publication that tracks private sector job changes and wage growth in the United States.
Why is the loss of 32,000 jobs significant?
A decline in private sector jobs can signal economic slowdown and can affect consumer spending and business growth.
What does a 4.4% increase in annual pay mean?
It means that, on average, private sector workers are earning 4.4% more than they did a year ago.
Sources
ADP National Employment Report: Private Sector Employment Shed 32,000 Jobs in No...
ROSELAND, N.J. , Dec. 3, 2025 /PRNewswire/ -- Private sector employment shed 32,000 jobs in November and pay was up 4.4 percent year-over-year according to the November ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab").
ADP Disappoints: -32K Private Sector Jobs Last Month
Zacks Investment Research
Zacks Investment Research
Small businesses lost -120K jobs last month, the biggest decline since the Covid pandemic in 2020.
Headline ADP Payrolls Number Comes in Negative
Zacks Investment Research
Zacks Investment Research
Headline ADP Payrolls Number Comes in Negative.
Jobless Claims Puzzlingly Light, Lowest in 3 Years
Zacks Investment Research
Zacks Investment Research
The current weakness in the labor market may be due to letting retirees' jobs expire, or pink slips accompanied by longer-term severance payments.
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