Underlying private-sector jobs growth was around 150,000 in November: ADP

NEW YORK Wed Dec 5, 2012 9:13am EST

NEW YORK (Reuters) - Underlying jobs growth in the U.S. private sector was around 150,000 in November after superstorm Sandy and seasonal factors are taken into account, compilers of a private-sector jobs report said on a conference call on Wednesday.

That is above the 118,000 reported in the ADP National Employment Report that fell short of the 125,000 jobs forecast by economists surveyed by Reuters.

Moody's analytics' Mark Zandi, who collaborates on the report, said without Sandy's impact there would have been over 200,000 jobs created. He added that 60,000 to 70,000 jobs were also brought forward due to the start of the holiday season.

(Reporting By Edward Krudy; Editing by Chizu Nomiyama)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.