ADP Reports 216,000 Increase in November Payrolls, Topping Expectations
Last edited Wed Nov 30, 2016, 09:10 PM - Edit history (1)
Source: The Wall Street Journal.
ADP Reports 216,000 Increase in November Payrolls, Topping Expectations
Consumer-driven industries drive growth
By Joshua Jamerson
joshua.jamerson@wsj.com
https://twitter.com/joshjame
Nov. 30, 2016 9:08 a.m. ET
Private-sector hiring continued at a strong pace in November, suggesting employers shrugged off uncertainties in the midst of the presidential election and added to their ranks ahead of the holiday season.
Private payrolls across the nation rose by 216,000 from October to November, said payroll processor Automatic Data Processing Inc. and forecasting firm Moodys Analytics, exceeding the 170,000 expected by economists polled by The Wall Street Journal. The report is based on data collected from ADP clients in addition to lagged government figures.
Large- and medium-size business made up a large chunk of the payroll additions, notching gains of 90,000 and 89,000, respectively. Small businesses, defined as those with 49 or fewer employees, added 37,000 to payrolls.
Ahu Yildirmaz, vice president and head of the ADP research institute, said growth was driven primarily by consumer-driven industries such as retail and hospitality.
Read more: http://www.wsj.com/articles/adp-reports-216-000-increase-in-november-payrolls-topping-expectations-1480514884
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Previously at DU:
BLS for October:
Payroll employment rises by 161,000 in October; unemployment rate changes little (4.9%)
ADP for October:
ADP Private Payrolls Add 147,000 Workers in October
BLS for September:
Payroll employment increases by 156,000 in September; unemployment rate little changed...
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