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206,000 Private Jobs Added In November

ROSELAND, N.J., Nov. 30 (UPI) — Payroll firm Automatic Data Processing Inc. said Wednesday the U.S. economy added 206,000 jobs in November, nearly twice the average gain since May.

Small businesses, those with fewer than 50 employees, added the bulk of the jobs, 110,000, while large businesses, those with more than 499 employees, added 12,000 jobs. Medium-sized businesses added 84,000 jobs, ADP said.

ADP’s monthly report tracks private sector jobs. The Labor Department’s monthly job situation report, due Friday, includes private and public sector jobs.

ADP revised October’s figures to show 130,000 jobs added in the private sector, rather than the 110,000 previously announced.

For November, private-sector, goods-producing jobs rose by 28,000. Manufacturing employment increased 7,000. Construction employment grew 16,000.

“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 chief executive officer of ADP.

“November’s advance was the largest monthly gain since last December and nearly twice the average monthly gain since May when employment decelerated sharply. Today’s [Wednesday's] report, notably above the consensus forecast, suggests that employment, which decelerated during the spring, accelerated in November,” said Joel Prakken, chairman of Macroeconomic Advisers LLC, which helps produce the ADP report.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

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