New york: US private payrolls fell by 32,000 in November, defying market forecasts, according to a report released Wednesday by the ADP Research Institute. Markets had expected the figure to show a rise of 5,000 in November, following an upwardly revised 47,000 increase in October.

According to Anadolu Agency, the ADP stated that job creation had been flat during the second half of 2025 and pay growth on a downward trend. It noted that November hiring was particularly weak in sectors such as manufacturing, professional and business services, information, and construction. ADP's chief economist, Nela Richardson, highlighted that the slowdown was broad-based but was led by a pullback among small businesses.

Despite the overall decline, some sectors saw job gains. Education and health services added the highest number of jobs with 33,000, followed by leisure and hospitality with 13,000. The natural resources and mining sector saw an increase of 8,000 jobs, while trade, transportation, and utilities added 1,000.

In contrast, professional and business services experienced the most significant job losses, shedding 26,000 positions. Information services and manufacturing also reported declines, with losses of 20,000 and 18,000 jobs, respectively.

The payroll data comes as the Federal Reserve prepares for its meeting on December 9-10 to decide on the monetary policy path. Recently, the US labor market has shown signs of weakening, while inflation rates have mostly come in below or matched market expectations. The CME FedWatch tool indicates that investors see an over 89% chance of a 25 basis point rate cut for the Fed's December meeting. The current policy rate is within the target range of 3.75% to 4%.