Private sector jobs according to ADP fell by about –32,000 in November versus expectations of only +5,000, the biggest sign yet of a labor market slowdown and a return to weakness after October's rebound.
📉 Small businesses lost –120,000 jobs 📉 Largest decline since March 2023 📉 Losses in professional services, information, industry, and finance sectors 🧾 Wages slowed to 4.4% annually
This data comes ahead of the Fed meeting on December 9–10… Markets are now pricing in a 90% chance of a quarter-point rate cut.
The market is entering a very sensitive phase ahead of the Fed decision... $BTC
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🚨 Urgent: Shocking data from the US labor market
Private sector jobs according to ADP fell by about –32,000 in November versus expectations of only +5,000, the biggest sign yet of a labor market slowdown and a return to weakness after October's rebound.
📉 Small businesses lost –120,000 jobs
📉 Largest decline since March 2023
📉 Losses in professional services, information, industry, and finance sectors
🧾 Wages slowed to 4.4% annually
This data comes ahead of the Fed meeting on December 9–10…
Markets are now pricing in a 90% chance of a quarter-point rate cut.
The market is entering a very sensitive phase ahead of the Fed decision... $BTC