Home » Economy » Private-sector job growth ramps up in November with 534,000 positions added, ADP says
Private-sector job growth ramps up in November with 534,000 positions added, ADP says
US economy adds 531K jobs in October
FOX Business’ Edward Lawrence and Dagan McDowell break down the October jobs report.
U.S. private-sector job growth ramped up in November even as the labor market faces one of the worst worker shortages in decades, according to the ADP National Employment Report released Wednesday morning.
Companies added 534,000 jobs last month, topping the 525,000-job gain that economists surveyed by Refinitiv had predicted. It marked a decline from October, when companies added a revised 570,000 positions.
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Leisure and hospitality, the sector hit hardest by the pandemic, accounted for the bulk of the gains, adding 136,000 new positions last month. While employment in the sector – which includes bars and restaurants – is still well below the level it was about one year ago, it's been steadily hiring workers as vaccination rates have increased, business restrictions have eased and more Americans venture out to shop, eat at restaurants and travel.