US: Private sector employment increased by 179,000 in November vs 195K expected

Eren Sengezer FXStreet

"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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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