ADP Jobs Report Below Expectations, as Employers Added 127,000 Positions in November
Private sector employment grew in the United States at a slower pace than expected in November, according to the recent ADP National Employment Report.
In total, the private sector added 127,000 jobs this month, up 7.6 percent year over year, according to an ADP press release on Nov. 30. This is the smallest job creation number since January 2021. It is also well below the median forecast of a Bloomberg survey of economists, which predicted job addition to the tune of 200,000. Service-providing industries added 213,000 jobs, while goods-producing industries saw a decline of 86,000 jobs.
The Northeast saw the biggest job additions, at 158,000 workers. In the Midwest, 41,000 jobs were lost. Medium-sized establishments with 50 to 499 employees created 246,000 jobs, with large establishments losing 68,000 and small establishments losing 51,000 jobs….