November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports

The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.

# November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions. **Read the full article:** [CNBC](https://www.cnbc.com/2025/12/03/adp-jobs-report-november-2025-private-payrolls-unexpectedly-fell-by-32000-.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*