Walmart:\u00a01.6 million employees<\/p>\n
Amazon:\u00a01.1 million employees<\/p>\n
UPS<\/a>:\u00a0443,000 employees<\/p>\n Target:\u00a0427,346 employees<\/p>\n Home Depot:\u00a0418,000 employees The monthly ADP<\/a> private sector jobs report is one of the most trusted non-government sources for jobs data.<\/p>\n ADP, one of the largest human resources technology companies in the country, bases its National Employment Report on anonymized weekly payroll data from more than 26 million U.S. private-sector employees, representing approximately one-fifth of the country\u2019s private-sector workforce.<\/p>\n The data are so trusted that even the\u00a0Federal Reserve<\/a>\u00a0had used them since 2018 to supplement BLS reports. However, that partnership ended in October under mysterious circumstances, the\u00a0Wall Street Journal reports<\/a>.<\/p>\n ADP released its November data on Dec. 3, which paints a bleak picture for the U.S. labor market, particularly in some areas of the country.<\/p>\n Private employers cut 32,000 jobs in November, with construction, manufacturing, professional\/business services, and information services leading the job losses, according to ADP numbers<\/a>.<\/p>\n \u201cHiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment,\u201d said ADP Chief Economist Nela Richardson. \u201cAnd while November’s slowdown was broad-based, it was led by a pullback<\/a> among small businesses.\u201d<\/p>\n Related: Shocking September jobs report defies historical precedent<\/a><\/p>\n The declines were uneven across sectors and across regions.<\/p>\n While the construction and manufacturing industries saw job declines of 9,000 and 18,000, respectively, the natural resources and mining industry added 8,000 jobs.<\/p>\n Information services (20,000), financial activities (9,000), and professional\/business services (26,000) lost jobs, while education\/health services (33,000), leisure\/hospitality (13,000), and trade\/transportation\/utilities (1,000) gained jobs during the month.<\/p>\n The job losses were also uneven by region.<\/p>\n The Northeast and South reported steep job losses, while the Midwest and West reported job gains.<\/p>\n New England employers laid off 50,000 people, while those in the Mid-Atlantic cut 49,000 jobs, and nearly 80,000 jobs were cut from the South Atlantic. Western companies added 67,000 jobs and the Midwest added 45,000 jobs.<\/p>\n All of the job losses reported by ADP came from small companies.<\/p>\n Establishments with between 1 and 19 employees reported 46,000 job losses, while those with 20 to 49 employees reported 74,000 layoffs<\/a>.<\/p>\n The Federal Reserve closely monitors the job numbers to fulfill its dual mandate of achieving full employment and maintaining stable\u00a0inflation<\/a>.<\/p>\n Last month, the White House announced that there likely won\u2019t be an October BLS jobs report due to the government shutdown, making the data even more confusing going forward.<\/p>\n Related: Government layoff news is worse than expected<\/a><\/p>\n \u201cJobs numbers are notoriously volatile and subject to revisions (as we just saw for August and July),\u201d said Todd Campbell, co-editor in chief of TheStreet. \u201cThe Fed will likely rely more on alternative private jobs insight for October and November.\u00a0 The\u00a0volatility<\/a>\u00a0is why the Fed focuses more on the unemployment rate<\/a>.\u201d<\/p>\n The minutes from the latest Fed meeting in October\u00a0show some disagreement over whether it should cut interest rates<\/a>.<\/p>\n Fed Chair\u00a0Jerome Powell<\/a>\u00a0said after the meeting that a December rate cut was not a \u201cforegone conclusion.\u201d<\/p>\n CNBC reported<\/a>\u00a0that market traders had been pricing in a near certainty for another rate cut in the December session. Still, that confidence fell to a 1 in 3 chance, according to the\u00a0CME FedWatch<\/a> measure of future pricing, after the minutes were released.<\/p>\n Related: Tech giant’s layoffs hit nearly 2,000 engineers<\/a><\/p>\n This story was originally published by TheStreet<\/a> on Dec 3, 2025, where it first appeared in the Employment<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Labor data sources not affiliated with the government have become invaluable this year. The White House recently announced…\n","protected":false},"author":2,"featured_media":329488,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[5999,28,53564,101,2800,9292,85962,167356,25008],"class_list":["post-329487","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bureau-of-labor-statistics","tag-business","tag-data-sources","tag-economy","tag-federal-reserve","tag-government-shutdown","tag-job-numbers","tag-private-sector-jobs","tag-the-white-house"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/329487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=329487"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/329487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/329488"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=329487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=329487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=329487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Source:\u00a0Ringover<\/p>\n Private employers downsized their workforces in November.Shutterstock <\/p>\n