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ADP report finds November strongest month for job growth in 2013

December 04 2013

U.S. private-sector employment rose by 215,000 jobs in November, making it the strongest month for job growth in 2013, according to the national employment report released today by Automatic Data Processing Inc. (NASD: ADP). In addition, October’s employment growth was revised up to 184,000 from 130,000.

“The job market remained surprisingly resilient to the government shutdown and brinkmanship over the treasury debt limit,” said Mark Zandi, chief economist at Moody’s Analytics, which produces the report with ADP. “Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”

According to ADP's report, the service-providing sector added 176,000 jobs in November, up from 156,000 in October and the largest gain in the service sector in a year. The goods-producing sector added 40,000 jobs in November, up from 29,000 in October. Small firms added the most jobs in the month with 102,000, followed by large businesses with 65,000 jobs. Medium-sized companies added 48,000 jobs.

The report is derived from a sample of ADP data from approximately 400,000 U.S. business clients representing nearly 24 million U.S. employees. The report's methodology utilizes ADP payroll data, U.S. Bureau of Labor Statistics employment data, and the Philadelphia Federal Reserve Bank’s Aruoba-Diebold-Scotti Business Conditions Index.

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