ADP National employment for November -32K vs 10K est.

  • The monthly ADP employment numbers for the month of November 2025.
ADP
  • Prior month 42K revised up to 47K
  • Monthly national employment -32K
  • Goods-19 versus +9K last month
  • Service -13K versus +33K last month
  • small business -120 K (6 of the last 7 months have been negative. 1 to 19 employees -46K, 2249 employees -74K)
  • medium businesses +51K
  • large businesses +39K

Sector changes.

  • Education +30K
  • Leisure hospitality +13 K
  • Manufacturing -18 K
  • Construction - 9K
  • Natural resources +8K
  • Trade transportation and utilities +1K.
  • Information -20 K
  • Financial activities - 9K
  • Professional business services -26K
  • Other services - 4K

Other stats:

  • job changers +4.4% versus 4.5% last month
  • job stayers +6.3% versus 6.7% last month
Private employment

The small business is the concern. Adapting to the tariffs are proving to be more of a problem for the small businesses in leading to the cuts. The next Bureau of Labor Statistics (BLS) “jobs report” (Employment Situation) is scheduled for Tuesday, December 16, 2025 at 08:30 a.m. Eastern Time> That will come after the FOMC rate decision on December 10.

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