The Coffman Chronicle

The Coffman Chronicle

CNBC Drops Bombshell: Private Payrolls Plunge as Tariffs Hammer Small Businesses

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Team Coffman Chronicle
Dec 03, 2025
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The U.S. labor market stumbled in November, with private employers cutting 32,000 jobs, according to new data from ADP. Economists had expected growth of roughly 40,000 jobs, making this the fourth negative print in six months and a sharp signal that the slowdown is deepening.

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