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Story summary
- ADP reported private-sector payrolls fell by an average of 13,500 per week over the four weeks ending November 8.
- Nela Richardson, chief economist at ADP, said consumer strength is uncertain as the holiday hiring season approaches, which may affect job creation.
- The USD Index experienced renewed selling pressure, dipping 0.25% to 99.93.
- The data raise concerns about labor market stability as the economy heads into the critical retail period.
