Summary:
ADP reports 146K new jobs in November, below the 163K forecast and October's revised 184K, indicating slower job growth.
Dec ADP
8/1/2025 (Wed)
Previous (Nov): 146k Forecast: 139k
According to ADP, that 146K new jobs filled in the private sector for November was shy of the 163K expected by analysts. It also comes in lower than the downwardly revised 184K for the prior month.
Manufacturing and small firms with fewer than 50 employees reported job losses. Notably wage growth accelerated, by 4.8%, a faster gain than October, the first time that has happened in 25 months.
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