U.S. private sector job growth slows down sharply in November: ADP
Source: MarketWatch
U.S. private sector job growth slows down sharply in November: ADP
Published: Dec 4, 2019 8:58 a.m. ET
U.S. private sector employment increased only 67,000 in November, compared with 156,000 expected
By GREG ROBB
SENIOR ECONOMICS REPORTER
The numbers: Private-sector employment slowed sharply in November, payroll processor ADP said Wednesday. (1) The gain was well below forecasts from economists surveyed by Econoday who expected a gain of 156,000. It's the smallest gain since May.
What happened: Large businesses, meaning those with about 500 employees or more, added 27,000 jobs. Mid-sized enterprises (50-499 employees) added 29,000 positions, while small employers, or those with one to 49 workers, tacked on 11,000 jobs.
Goods-producing sectors such as manufacturing, construction and mining were a weak spot, with 18,000 jobs lost. That's the third straight month of job declines in the sector. Trade and transportation lost 15,000 jobs. Service-providing sectors gained 85,000 jobs
Big picture: Economists use the figures from ADP, the payroll processor for millions of American workers, to get a sense of how many new jobs the U.S. Labor Department employment report is likely to show a few days later, but economists quickly note that ADP is far from infallible.
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(1) http://www.adpemploymentreport.com/
Read more: https://www.marketwatch.com/story/private-sector-job-growth-slows-down-in-november---adp-2019-12-04
"Goods-producing sectors such as manufacturing, construction and mining were a weak spot, with 18,000 jobs lost. That's the third straight month of job declines in the sector. Trade and transportation lost 15,000 jobs."
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From ADP itself:
NOVEMBER 2019
ADP National Employment Report
Private-sector employment increased by 67,000 from October to November, on a seasonally adjusted basis.
https://www.adpemploymentreport.com/2019/November/NER/NER-November-2019.aspx
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Total Employment
Change in Nonfarm Private Employment
Historical Trend
Change in Total Nonfarm Private Employment
Change By Company Size
Change in Total Nonfarm Private Employment by Company Size
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About the Report
The ADP National Employment Report is published monthly by the ADP Research Institute in close collaboration with Moody's Analytics and its experienced team of labor market researchers. The ADP National Employment Report provides a monthly snapshot of U.S. nonfarm private sector Employment based on actual transactional payroll data.
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For media inquiries about the ADP National Employment Report, please contact Joanna DiNizio at (973) 369-8167 or email Joanna.DiNizio@adp.com.
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