ADP Says US Payrolls in Nov. Fell by 32,000

US services activity expanded at a faster pace in November, marking the most significant growth in nine months, while the measure of prices paid fell to a seven-month low, indicating a shift in economic dynamics.

Leveraged finance bankers have underwritten $65 billion in deals, signaling a strong belief in the resurgence of mergers and acquisitions (M&A) in 2026. This optimism follows a prolonged period of uncertainty in the market, as bankers anticipate a shift towards more active deal-making next year.

US private payrolls unexpectedly declined by 32,000 jobs in November, following an upwardly revised increase of 47,000 jobs in October, according to the ADP employment report. This decline contrasts with economists' expectations of a 10,000 job increase for November, highlighting a potential slowdown in the job market.

U.S. stocks opened lower on December 2, 2025, following a disappointing report from ADP indicating a loss of 32,000 jobs in November and concerns stemming from Microsoft's recent AI report. This negative sentiment reflects broader anxieties in the market regarding employment and technology sector performance.

Gold and silver prices increased following the ADP private payrolls report, which indicated a loss of 32,000 jobs in November, highlighting a concerning trend in the U.S. labor market. This report has contributed to a positive sentiment in precious metals as investors seek safe-haven assets amid economic uncertainty.

The Russian government reported a nearly one-third decline in oil revenues for November compared to the previous year, attributed to weaker crude prices and a stronger ruble. This significant drop reflects the ongoing challenges faced by the Russian economy amid geopolitical tensions and sanctions.

Private employers in the United States reportedly shed 32,000 jobs in November, according to an estimate from payroll processor ADP, indicating a concerning trend in hiring activity. This decline raises alarms about the overall health of the job market and the economy as businesses adjust to changing conditions.

Argentine officials are preparing for the country's return to international bond markets, aiming to sell bonds by early next year, contingent on favorable market conditions. This move comes as Argentina seeks to stabilize its economy after years of financial turmoil.