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U.S. private-sector employment rose by 206,000 in November, seasonally adjusted, according to the national employment report released today by Automatic Data Processing Inc. (NASD: ADP). Meanwhile, October’s employment growth was revised upward to 130,000, from the initially reported 110,000.
November marks the largest monthly jobs gain since last December. Employment in the service-providing sector rose by 178,000 in November. Employment in the goods-producing sector rose by 28,000 in November.
“This month’s jobs figures show positive growth in all major sectors of the economy and are in line with the recent drop in the national unemployment rate and weekly jobless claims,” said ADP President and CEO Carlos Rodriguez. “Despite fiscal uncertainties here and abroad, owners of small- and medium-sized businesses found ways to grow and hire in November. As in previous months, service providers led the way in job creation.”
“Today’s report, notably above the consensus forecast, suggests that employment, which decelerated during the spring, accelerated in November,” said Joel Prakken, chairman of Macroeconomic Advisers LLC, which helps produce the report. “A firming of employment was evident in the major sectors of the economy tracked in The ADP National Employment Report, and across payrolls of most sizes.”
Small businesses, those with fewer than 50 workers, added 110,000 jobs in November. Large businesses, those with 500 or more workers, gained 12,000 jobs, while midsize businesses added 84,000.
The report is derived from a sample of ADP data that averaged approximately 337,000 U.S. business clients in 2010 representing more than 21 million U.S. employees.