Tim Pearce, DCNF

The U.S. private sector workforce grew by roughly 190,000 jobs in November, meeting economists’ anticipations for the month, Reuters reports.

The unemployment rate is predicted to stay at level with October at 4.1 percent. November’s job growth is down from October’s, however, when 252,000 jobs were added, according to Reuters.

The jobs report recently released by ADP Research showed the greatest amount of growth in mid-sized businesses, classified as having 50 to 499 employees. Mid-sized businesses were responsible for more than half the entire job growth at 99,000 jobs.

Moody’s Analytics joined with ADP to create the report.

“The job market is red hot, with broad-based job gains across industries and company sizes,” Moody’s Analytics chief economist Mark Zandi said in a statement. “The only soft spots are in industries being disrupted by technology, brick-and-mortar retailing being the best example. There is a mounting threat that the job market will overheat next year.”

Small business, one to 49 employees, created around 50,000 jobs. Large businesses with more than 500 employees created 41,000 jobs, according to ADP’s report.

Follow Tim Pearce on Twitter

For licensing opportunities of our original content, please contact [email protected].

• Author
• Recent Posts

BPR Wire

Latest posts by BPR Wire (see all)

• The Florida candidate laser-focused on eradicating horrific animal crimes - March 22, 2024
• Sabo: ‘Rush was our GOAT, there was no equal and he made it look easy’ - February 18, 2024
• Dana Bash appears to want to crawl out of her own skin when Ramaswamy ‘goes there’ on J6 - December 7, 2023

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.