According to the November ADP® National Employment Report™, nonfarm private sector employment increased by 534,000 jobs from October to November.
The ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally adjusted basis.
In remarks prepared for the release of the November report, Nela Richardson, ADP’s chief economist said, “The labor market recovery continued to power through its challenges last month. November’s job gains bring the three-month average to 543,000 monthly jobs added, a modest uptick from the job pace earlier this year.”
“Job gains have eclipsed 15 million since the recovery began, though 5 million jobs short of pre-pandemic levels,” Richardson added. “Service providers, which are more vulnerable to the pandemic, have dominated job gains this year. It’s too early to tell if the Omicron variant could potentially slow the jobs recovery in coming months.”
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ADP National Employment Report: Private Sector Employment Increased by 534,000 Jobs in November