Wednesday, November 30, 2011
US private sector adds 206,000 jobs in November
The pace of job growth in the economy's private sector accelerated in November, with US employers adding 206,000 jobs, a report by a payrolls processor showed today.
The ADP National Employment Report surpassed economists' expectations for a gain of 130,000 jobs, according to a Reuters survey. October's private payrolls were revised up to an increase of 130,000 from the previously reported 110,000.
The report is jointly developed with Macroeconomic Advisers LLC.
"The ADP news is very good news. The private sector is adding jobs," said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.
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