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U.S. Job Market Weakens, Rate Cut Anticipated Soon

12/3/2025

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Summary

Story summary

In November, the U.S. job market weakened as small businesses lost 120,000 jobs.
Private employers shed 32,000 jobs, while larger companies added 90,000, as declines in professional services and manufacturing muted the gain.
The report precedes the Federal Reserve's decision on interest rates.
Analysts expect a rate cut to spur growth as investors price in a 90% chance for December 10.

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Story summary

In November, the U.S. job market weakened as small businesses lost 120,000 jobs.
Private employers shed 32,000 jobs, while larger companies added 90,000, as declines in professional services and manufacturing muted the gain.
The report precedes the Federal Reserve's decision on interest rates.
Analysts expect a rate cut to spur growth as investors price in a 90% chance for December 10.