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ADP National Employment Report increased by 216,000 jobs in November
Private sector employment increased by 216,000 jobs from October to November according to the November ADP National Employment Report®.
“For the month of November 2016 we saw very strong job growth that has almost doubled in gains over October 2016,” said Ahu Yildirmaz, vice president and head of the ADP Research Institute. “This growth was seen in primarily consumer-driven industries like retail and, leisure and hospitality - across all company sizes. Overall, consumers are feeling confident and are driving the strong performance we currently see in the job market.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Businesses hired aggressively in November and there is little evidence that the uncertainty surrounding the presidential election dampened hiring. In addition, because of the tightening labor market, retailers may be accelerating seasonal hiring to secure an adequate workforce to meet holiday demand, although total expected seasonal hiring may be no higher than last year’s.”
Posted: November 30, 2016 Wednesday 08:15 AM