Private sector adds fewer-than-expected jobs in November: ADP

NEW YORK Wed Dec 5, 2012 9:35am EST

Job seekers stand in line to meet with prospective employers at a career fair in New York City, October 24, 2012. REUTERS/Mike Segar

Job seekers stand in line to meet with prospective employers at a career fair in New York City, October 24, 2012.

Credit: Reuters/Mike Segar

NEW YORK (Reuters) - Private-sector employers added 118,000 jobs in November, shy of economists' expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 125,000 jobs.

October's private payrolls were revised slightly down to an increase of 157,000 from the previously reported 158,000.

The report is jointly developed with Moody's Analytics.

(Reporting By Edward Krudy; Editing by Chizu Nomiyama)

(This story was corrected to show that the report is developed with Moody’s Analytics)

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Comments (9)
AZreb wrote:
And how many of those 118,000 jobs were part-tie or temporary?

Dec 05, 2012 8:44am EST  --  Report as abuse
texas100 wrote:
AZreb; I would agree that most were either part time Holiday related sales positions, or delivery/logistics related. I would expect to see the Unemployment Rate which dropped unexpectedly to 7.8% in Oct, to climb above 8.0% again very soon..

Dec 05, 2012 9:49am EST  --  Report as abuse
USAPragmatist wrote:
@AZreb: And I wonder how many rightie/Obama haters are so caught up in their hate that they hope for and cheer bad economic news?

Dec 05, 2012 10:19am EST  --  Report as abuse
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