Private Sector Job Cuts Increased in November, ADP Data Shows

New data indicates that U.S. private companies cut more jobs in November than in the previous month. The report comes from payroll processor ADP. The increase suggests a potential softening in the labor market. However, the overall job market remains historically strong. ADP’s figures often provide an early signal of broader employment trends. The U.S. government will release its official monthly jobs report later this week. CBS News contributor Javier E. David has further analysis on the data.