U.S. Private-Sector Job Creation Strong In November: ADP

@AFP
U.S. Private-Sector Job Creation Strong In November: ADP

Washington (AFP) – U.S. private-sector hiring surged in November, with a net 215,000 new jobs created, the strongest month so far in 2013, payrolls firm ADP said Wednesday.

ADP also revised its October number sharply higher to 184,000, confirming strength in the economy as the year-end looms.

The figures were well above what was expected, and suggested that the government’s official November jobs numbers will be largely positive when released Friday.

Most of the jobs as usual were in the services sector, with manufacturing adding 40,000.

Key strengths were in professional/business services and trade, transportation and utilities.

“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 helps compile the data.

“Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”

Analysts warned that the ADP report is frequently given to large revisions and is not always a good indicator of the direction of the government’s job creation data.

“Take this with a grain of salt,” warned Jennifer Lee of BMO Economics.

“But if the direction is right, it is good news that the U.S. economy is stepping up the pace of hiring.”

AFP Photo/Joe Raedle

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

No, Biden Isn't Terribly Unpopular (And He Polls Better Than Trump)

Time was when getting caught in a malicious lie about a rival would have ended an American politician’s career. We no longer live that way. Just the other day, Donald Trump unleashed a series of falsehoods attacking President Biden that would have shamed a carnival barker.

Keep reading...Show less
Secession: For Modern Americans, Red States Are Now Uninhabitable
Abortion billboard in Atlanta, Georgia

I walked past the TV in the living room just now, and the chryron on the screen read, “Election deniers in charge of elections in 17 states.” It came to me that we’ve entered a period when the political polarization of the country has become physical, because a huge section of our nation is uninhabitable by increasing numbers of citizens.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}