In the four weeks concluding on November 22, 2025, US private employers saw a weekly average increase of 4,750 jobs, as reported by ADP Research. This comes after three consecutive periods of job declines, indicating that job losses began to subside in mid-November. However, the official November payroll report revealed a decrease of 32,000 jobs, which is the most significant monthly drop since March 2023. This decline was largely due to a reduction of 120,000 jobs at small establishments.