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US private sector adds 190,000 jobs in November, keeps ‘solid pace’

December 06, 2017

US private-sector employment rose by 190,000 jobs in November from October, according to the ADP National Employment Report. The increase follows a gain of 235,000 in the previous month.

“The labor market continues to grow at a solid pace,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute. “Notably, manufacturing added the most jobs the industry has seen all year. As the labor market continues to tighten and wages increase, it will become increasingly difficult for employers to attract and retain skilled talent.”

Reuters reported the manufacturing sector added the most jobs in at least 15 years. Its survey of economists had forecast the report would show a gain of 185,000 jobs.

The number of goods-producing jobs rose by 36,000 as a gain of 40,000 manufacturing jobs, offset a loss of 4,000 construction jobs.

Service-providing jobs rose by 155,000, including 54,000 jobs in education/health services and 47,000 jobs in professional/business services. On the flip side, jobs in information fell by 13,000.

Large businesses added 41,000 jobs in November, midsize businesses added 99,000 and small businesses added 50,000 jobs.

“The job market is red hot, with broad-based job gains across industries and company sizes,” said Mark Zandi, chief economist of Moody’s Analytics. “The only soft spots are in industries being disrupted by technology, brick-and-mortar retailing being the best example. There is a mounting threat that the job market will overheat next year.”