Wednesday, December 3, 2014

ADP: Private Sector Added 208,000 Jobs in November

According to the ADP National Employment report, the private sector added 208,000 jobs in November. The private sector added fewer jobs this month than in October, but still remains above 200,000 jobs. The November report upwardly revised the October headline number by 3,000 jobs and downwardly revised September’s number by 12,000 jobs.

Small businesses, companies with fewer than 49 employees, added 101,000 jobs, 2,000 fewer than in October. Medium businesses, companies with 50 to 499 employees, increased employment at a much slower rate in November, adding just 65,000 jobs compared to 122,000 jobs added in October. Large businesses, companies with greater than 500 employees, added 42,000 jobs in November, an improvement compared to the 7,000 jobs added in October.

Goods-producing employment rose by 32,000 jobs, 14,000 fewer jobs than in October, as both construction and manufacturing added fewer jobs. The service-providing sector employment rose by 176,000 jobs, 11,000 fewer than in October. The service sector decline was primarily due to lower job growth in the professional/business services sector, which added 37,000 jobs, 16,000 fewer than the previous month.

Read the ADP release.

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