- Private nonfarm jobs increase by 534,000 in November, according to ADP report
- This marks the third consecutive month where the report reflects jobs gains of more than 500,000
- Jobs growth is concentrated at larger companies, with leisure and hospitality continuing to lead the gains
Summary by Dirk Langeveld
The private sector showed another strong month of jobs growth in November, according to the National Employment Report by the payroll services provider ADP.
The report shows that 534,000 private nonfarm jobs were added during the month. This was down from the October tally of 570,000, which was revised down slightly from 571,000, but marked the third consecutive month where the ADP report has shown monthly jobs growth of more than 500,000 positions.
The ADP data is released shortly before the Department of Labor jobs report, which will be published on Friday. While the ADP report is often seen as a preview of the federal figures, there are often significant variations between the two.
- Most of the jobs were posted by larger firms, with 277,000 coming from companies with 500 or more employees; of these, 234,000 jobs were created at businesses with 1,000 or more employees
- Midsize businesses with 50 to 499 employees added 142,000 jobs, while small businesses added 115,000; these included 62,000 jobs at companies with one to 19 employees and 53,000 at companies with 20 to 49 employees
- 424,000 jobs were in service producing sectors, including 136,000 in leisure and hospitality, 110,000 in professional and business services, and 78,000 in trade, transportation and utilities
- 110,000 jobs were in goods producing sectors, with 52,000 in construction and 50,000 in manufacturing