The firm said layoff plans totaled 76,835 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.

China said it is open to importing more high-quality goods from France while urging a "fair, conducive environment" for Chinese businesses in the European nation.

The Treasury secretary cited several sections of 1962 Trade Act that give the president sweeping powers over import duties.

The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.

President Trump's tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering headcount instead