December 3, 2025
United States:
Payrolls at US Companies Fall by Most Since 2023, ADP Says
US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market.
Private-sector payrolls decreased by 32,000, according to ADP Research data released Wednesday. Payrolls have now fallen four times in the last six months.
Europe:
ECB’s Lagarde Says Inflation to Stay Near 2% in Months Ahead
Inflation in the euro area will probably remain near the European Central Bank’s goal for the time being, though the outlook is still clouded by the situation around tariffs, according to President Christine Lagarde.
Consumer-price growth is close to 2%, with underlying pressures consistent with achieving that level over the medium term, Lagarde told lawmakers in the European Parliament.
Asia:
Japan Metal Union Aims for Record Wage Hike as BOJ Watches Trend
A Japanese labor union group will push in annual negotiations for a salary hike that exceeds the record gain obtained in the previous round of talks, in the latest sign that pay momentum is holding up.
The Japan Council of Metalworkers’ Unions called for a monthly base pay increase of at least ¥12,000 ($77) in negotiations that will run through March, according to a plan approved by its board on Wednesday.
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