Nov. 25 (UPI) -- Private companies' payrolls decreased by an average of 13,500 jobs for each of the four weeks ending Nov. 8, data from payroll processing company ADP indicates Tuesday.
The data was released as part of ADP's weekly National Employment Report Pulse based on a four-week moving average of employment across the country. ADP releases this report three times a month, on the weeks when it doesn't publish its monthly report, the last of which was Nov. 5.
The Nov. 5 report showed that private companies added 42,000 jobs in October.
Last week's NER Pulse report showed a 2,500 average weekly job loss. The jump to 13,500 jobs lost per week is reflective of the growing pace of layoffs.
U.S. companies cut more than 150,000 jobs in October, the highest number of layoffs for that month since 2003.
