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US hiring data signaled renewed economic weakness as ADP reported a surprise loss of 32,000 private-sector jobs in November, driven largely by a steep decline in small-business employment. Forecasts had expected job gains, increasing the likelihood of a Federal Reserve rate cut at its upcoming meeting. With official Labor Department data delayed by the recent government shutdown, the Fed faces limited insight into labor and consumer-price trends. Economists warn the job market is shifting toward higher firing risk, while mixed economic indicators highlight ongoing uncertainty tied to trade policy and slowing business confidence.
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