US: Private sector employment increased by 179,000 in November vs 195K expected
|"Private sector employment increased by 179,000 jobs from October to November," the ADP National announced in its Employment Report.
Key takeaways from the press release
- Although the labor market performed well, job growth decelerated slightly.
- Midsized businesses added nearly 70 percent of all jobs this month.
- This growth points to the midsized businesses’ ability to provide stronger wages and benefits.
- Job growth is strong, but has likely peaked.
- This month’s report is free of significant weather effects and suggests slowing underlying job creation.
- With very tight labor markets, and record unfilled positions, businesses will have an increasingly tough time adding to payrolls.
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