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US private payrolls growth tumbles in November as jobs market is ‘losing its shine’
video Job growth slowed to a crawl in November, with private payrolls increasing by just 67,000, according to an estimate Wednesday from ADP and Moody’s Analytics. The count was well below the 150,000 consensus from economists surveyed by Dow Jones and the lowest month since May. The big miss could call into question the relatively rosy estimates for Friday’s closely watched nonfarm payrolls report from the Labor Department, with the current forecast of 187,000 boosted by the return of striking GM workers. November’s tally also was a sharp decline from the 121,000 in October, which was revised down from an ... (full story)