The non-farm private sector added 179,000 jobs in November, according to the ADP National Employment Report. This followed a downwardly revised 225,000 job increase in October.
Small businesses with fewer than 50 employees gained 46,000 jobs. Medium-sized businesses with 50-499 employees created 119,000, while large businesses added 13,000 jobs.
“Although the labor market performed well, job growth decelerated slightly,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. ”Midsized businesses added nearly 70 percent of all jobs this month. This growth points to the midsized businesses’ ability to provide stronger wages and benefits. It also suggests they could be more insulated from the global challenges large enterprises face.”
Service-providing employment rose by 163,000 jobs, driven by the professional and business services sector, which added 59,000. The education/health services sector had a robust report, adding 49,000 jobs. Goods-producing employment grew by 16,000 jobs. The construction industry gained 10,000 jobs.
Read the ADP report.
