ADP Shows Strong Improvement in Private-Sector Employment During November
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According to today's ADP National Employment Report, employment in the nonfarm private business sector rose 206,000 from October to November on a seasonally adjusted basis. Employment in the private, service-providing sector increased 178,000 in November, after rising 130,000 in October. Employment in the private, goods-producing sector rose 28,000 in November. Manufacturing employment increased 7,000, offsetting the previous month's decline, while construction employment grew 16,000.
Economists were expecting a November reading of 130,000.
"This month's jobs figures show positive growth in all major sectors of the economy and are in line with the recent drop in the national unemployment rate and weekly jobless claims," said Carlos Rodriguez, President and CEO of ADP. "Despite fiscal uncertainties here and abroad, owners of small- and medium-sized businesses found ways to grow and hire in November. As in previous months, service providers led the way in job creation."
Small Business Highlights -- November Report: Due to the important contribution small businesses make to economic growth, employment data that is specific to businesses with fewer than 50 employees is reported in the ADP Small Business Report each month. The ADP Small Business Report is a subset of the ADP National Employment Report.
Economists were expecting a November reading of 130,000.
"This month's jobs figures show positive growth in all major sectors of the economy and are in line with the recent drop in the national unemployment rate and weekly jobless claims," said Carlos Rodriguez, President and CEO of ADP. "Despite fiscal uncertainties here and abroad, owners of small- and medium-sized businesses found ways to grow and hire in November. As in previous months, service providers led the way in job creation."
Small Business Highlights -- November Report: Due to the important contribution small businesses make to economic growth, employment data that is specific to businesses with fewer than 50 employees is reported in the ADP Small Business Report each month. The ADP Small Business Report is a subset of the ADP National Employment Report.
- Total nonfarm private small business employment: 110,000 jobs created
- Goods-producing sector: 15,000 small business jobs created
- Service-providing sector: 95,000 small business jobs created
- Goods-producing sector: 15,000 small business jobs created
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