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ADP: U.S. Employers Shed 32,000 Jobs in November as Hiring and Wage Growth Lose Momentum

03:47 AM, 12/04/2025

ADP said U.S. employers cut 32,000 jobs in November, with notable weakness in manufacturing, professional and business services, information and construction. The firm also highlighted slowing pay growth during the second half of 2025 and a negative swing from its October estimate of +42,000. A federal shutdown forced the BLS to cancel its October jobs report, elevating the role of private payroll surveys. The data gap has political implications as economic concerns factor into recent electoral outcomes.

Private payroll firm ADP reported that U.S. employers cut 32,000 jobs in November, a headline figure that adds to signs of cooling momentum in the labor market. The company said hiring was particularly weak in manufacturing, professional and business services, information and construction, and that pay growth has been slowing in the second half of 2025.

“Job creation has been flat during the second half of 2025 and pay growth has been on a downward trend. November hiring was particularly weak in manufacturing, professional and business services, information, and construction,” ADP said.

ADP also noted a sizable swing from October: its prior estimate put private-sector employment up about 42,000 for that month, creating a negative trend between the two reports. Because ADP is a private payroll processor using its own model, its numbers are useful as a timely indicator but are not directly comparable to the Bureau of Labor Statistics' official monthly payroll survey.

Official data gap and implications

The release comes as routine government updates on employment have been curtailed by a federal shutdown. The Bureau of Labor Statistics' most recent monthly report covered September, showing a gain of 119,000 jobs; the BLS canceled its October report because it lacked the data needed to produce it during the shutdown. That pause has increased reliance on private estimates such as ADP's for a near-term read on the labor market.

Analysts say the lack of timely BLS reports makes it harder to gauge whether short-term shifts represent a durable slowdown or temporary volatility. Market participants and policymakers will be watching for the resumption of official BLS reporting to reconcile private estimates with government data.

Political context

The information gap has also become politically sensitive. Polling on the economy has softened for President Trump amid heightened scrutiny of inflation and price pressures, and some strategists tied recent Democratic wins in gubernatorial races in New Jersey and Virginia in part to voter concerns about the cost of living.

Bottom line: ADP's November report signals cooler hiring and slower wage growth, but the temporary suspension of official BLS monthly updates means private surveys will remain prominent until government reporting resumes.

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