Northeast Loses 100K Private Jobs Before Holidays, Data Shows: What To Know
Private employers in the Northeast cut about 100,000 jobs as consumer confidence plummeted and the federal government shutdown gripped the economy before the holiday season.
There were 32,000 private jobs lost in November, according to an ADP report released on Wednesday, Dec. 3. The Northeast experienced the worst cuts, including 50,000 in New England and 49,000 in the mid-Atlantic.
The losses, far below the Dow Jones estimate of 40,000 added jobs, were widespread across manufacturing, professional and business services, information, and construction.
"Hiring has been choppy of …