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- U.S. private employers add 67,000 jobs in November - ADP
U.S. private employers add 67,000 jobs in November - ADP
The employment
report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics
showed on Wednesday the U.S. private employers added 67,000 jobs in November.
Economists had
expected a gain of 140,000.
The increase
for October was revised down to 121,000 from the originally reported 125,000.
“In November,
the labor market showed signs of slowing,” noted Ahu Yildirmaz, vice president
and co-head of the ADP Research Institute. “The goods producers still
struggled; whereas, the service providers remained in positive territory driven
by healthcare and professional services. Job creation slowed across all company
sizes; however, the pattern remained largely the same, as small companies
continued to face more pressure than their larger competitors.”
Meanwhile, Mark
Zandi, chief economist of Moody’s Analytics, said, “The job market is losing
its shine. Manufacturers, commodity producers, and retailers are shedding jobs.
Job openings are declining and if job growth slows any further unemployment
will increase.”
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