Private Payrolls Rose by 217,000 in November
02 Dezembro 2015 - 12:10PM
Dow Jones News
Private-sector payrolls increased more than expected in
November, the most in five months and the latest indication of
steady U.S. job growth.
Private payrolls in the U.S. rose by 217,000, said payroll
processor Automatic Data Processing Inc. and forecasting firm
Moody's Analytics. The report is based on data collected from ADP
clients in addition to lagged government data.
Economists surveyed by The Wall Street Journal expected an
increase of 192,000.
Meanwhile, the October gain was revised up to 196,000 from
182,000.
"Job growth remains strong and steady," said Mark Zandi, chief
economist of Moody's Analytics.
The November increase was thanks to the service sector, where
firms added 204,000 positions—the most since June and up from
174,000 in October. A rebound in professional- and business-service
hiring powered the rise.
Firms in other industries also added workers. Construction and
manufacturing, weak spots of late, added a combined 22,000
jobs.
Small businesses added the most employees, though medium and big
businesses also added solid amounts of workers.
The ADP report comes ahead of the Bureau of Labor Statistics's
employment-situation report, due out Friday morning. ADP lags
behind the government's initial private payroll estimate by a
month. In October, the initially-reported ADP figure fell 87,000
short of the BLS number; in September, ADP came in 81,000 ahead of
the government's figure.
Economists polled by The Wall Street Journal expect the BLS to
report an increase of 200,000 nonfarm payrolls for November, down
from the much stronger-than-expected 271,000 reported in October.
Economists project that the unemployment rate, which unexpectedly
dipped in October, will hold steady at 5%.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 02, 2015 08:55 ET (13:55 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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