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US Private Sector Employment Increased by 534,000 Jobs in November
Private sector employment increased by 534,000 jobs from October to November according to the November ADP® National Employment ReportTM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual data of those who are on a company’s payroll, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. table “The labor market recovery continued to power through its challenges last month,” said Nela ... (full story)
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Private payrolls post better-than-expected growth of 534,000 in November, ADP says
Companies added jobs at a robust pace in November despite worries about rising inflation and the threat that the pandemic could slow growth into the winter months, according to a report Wednesday from payroll processing firm ADP. Private hiring increased by 534,000 for the month, better than the Dow Jones estimate of 506,000 in a labor market that appears to be getting tighter. The total was a decline from the October growth of 570,000, which was revised lower by 1,000. Big business led job creation by company size, but it was hospitality and leisure that led in sectors. The industry that includes bars, restaurants, ... (full story)