US private sector lost 32k jobs in November

According to new reporting from payroll processing firm ADP, companies in the private sector lost 32,000 jobs in November. However, despite widespread job losses in November, the education and health services sector gained 33,000 positions in the month. ADP chief economist Nela Richardson recently said, "Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment." LiveNOW’s Andy Mac is learning more with Megan Leonhardt, a senior writer for Barron's covering economic issues.