U.S. Labor Market
Payrolls Disappoint to Downside
U.S. private payrolls increased at a moderate pace in November, while annual wages for workers staying in their jobs edged up for the first time in 25 months. The ADP National Employment Report on Wednesday did not change expectations for a sharp acceleration in nonfarm payrolls in the government's more comprehensive and closely watched employment report for November, which is scheduled to be published on Friday. Job growth was severely curtailed in October by Hurricanes Helene and Milton as well as strikes by some aerospace factory workers.