Private Sector Adds 93K Jobs in November
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Private-sector jobs in the U.S. continued to expand in November, following a strong upward revision for the October figure, according to data released on Wednesday.
A national employment report from Automatic Data Processing Inc. showed that private sector rose by 93,000 last month , the largest monthly gain in three years.
The report beat the more modest economist expectation of a rise in 70,000.
The rise for October was revised to show an increase of 82,000, compared to the initial report of increase 43,000.
The ADP report comes ahead of the Bureau of Labor Statistics nonfarm payroll data, to be released Friday, which include statistics of government workers.
Economists expect a rise of 144,000 jobs in November, which may be adjusted following the better-than-expected ADP report. The unemployment rate is expected to remain flat at 9.6 percent for November.
A national employment report from Automatic Data Processing Inc. showed that private sector rose by 93,000 last month , the largest monthly gain in three years.
The report beat the more modest economist expectation of a rise in 70,000.
The rise for October was revised to show an increase of 82,000, compared to the initial report of increase 43,000.
The ADP report comes ahead of the Bureau of Labor Statistics nonfarm payroll data, to be released Friday, which include statistics of government workers.
Economists expect a rise of 144,000 jobs in November, which may be adjusted following the better-than-expected ADP report. The unemployment rate is expected to remain flat at 9.6 percent for November.
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