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2 Dec 2015
US ADP: private sector job growth accelerated in November
FXStreet (Mumbai) - The data released by the Automatic Data Processing, Inc, (ADP) showed the US private sector added far more jobs in November than the consensus estimate, indicating the labor market tightening in the US.
The ADP report showed private sector in the US added 217K jobs in November. Economists had called for the report to show private employers added 190K jobs, compared to October's upwardly revised 192K (from 182K).
Small sized firms (1-49 employees) added 81K jobs, Mid-sized firms (50-499 employees) added 62K jobs, and Large sized firms (500+ employees) added 74K jobs. Sector wise details reveal 204K jobs were added by the service industry, while the goods-producing sector added 13K jobs.
The ADP report showed private sector in the US added 217K jobs in November. Economists had called for the report to show private employers added 190K jobs, compared to October's upwardly revised 192K (from 182K).
Small sized firms (1-49 employees) added 81K jobs, Mid-sized firms (50-499 employees) added 62K jobs, and Large sized firms (500+ employees) added 74K jobs. Sector wise details reveal 204K jobs were added by the service industry, while the goods-producing sector added 13K jobs.