ADP said Wednesday that 146,000 private sector U.S. jobs were created in November while annual pay was up by 4.8% for workers who stayed in their jobs. The ADP National Employment Report found jobs creation was driven by the 140,000 private sector service jobs added in November. File Photo by Jim Ruymen/UPI |
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Dec. 4 (UPI) — ADP said Wednesday that 146,000 private sector U.S. jobs were created in November while annual pay was up by 4.8% for workers who stayed in their jobs.
“While overall growth for the month was healthy, industry performance was mixed,” said ADP chief economist Nela Richardson in a statement. “Manufacturing was the weakest we’ve seen since spring. Financial services and leisure and hospitality were also soft.”
The ADP National Employment Report found jobs creation was driven by the 140,000 private sector service jobs added in November.
ADP found education/health services added 50,000 new jobs, while 28,000 jobs were added in trade/transportation/utilities.
There were 18,000 new education/health services jobs in November and 15,000 new leisure/hospitality jobs.
Goods-producing industries added 6,000 private sector jobs in November. Manufacturing lost 26,000 jobs while construction added 30,000.
Job growth by geographic region showed the South adding a net 61,000 jobs, followed by the Northeast with 38,000.
The Midwest jobs growth was 31,000 and in the West 29,000 new private sector jobs were created in November, according to ADP.
The year-over-year pay gains for November were 4.8% for job-stayers, but for job changers the pay rise was 7.2%.
Construction, educational/health services and financial activities saw the highest pay increases at 5.2%, 5.1% and 5% respectively.
ADP revised its October report from 233,000 jobs created to 184,000.
ADP’s monthly jobs report is based on payroll data of client companies. It’s produced by ADP Research in collaboration with the Stanford Digital Lab.