US Job Growth Disappoints in Latest Warning Sign for Economy

U.S. employers added barely over 100,000 new jobs in November, according to payroll processor ADP, with the number coming in well below market expectations and a fresh sign that the labor market is cooling as recession warnings abound.
America’s private employers added just 103,000 new jobs in November, a disappointing figure in the face of consensus estimates on Wall Street that expected 128,000 new positions.
Not only was last month’s job growth lackluster but also October’s figures were revised downward in ADP’s latest report from an initial 113,000 to 106,000.
On the job-gains side, the biggest gains were in trade, transportation, and utilities (55,000), followed by education and health services (44,000)….