Private sector employment increased by 534,000 jobs from October to November, topping consensus estimate
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(Updated - December 1, 2021 8:16 AM EST)
- ADP Employment Change (Nov) 534K vs 525K Expected
Private sector employment increased by 534,000 jobs from October to November according to the November ADP® National Employment ReportTM. Broadly distributed to the public each month, free of charge, 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 data of those who are on a company's payroll, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
November 2021 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 534,000
By Company Size
- Small businesses: 115,000
- Medium businesses: 142,000
- Large businesses: 277,000
- Goods-producing: 110,000
- Service-providing: 424,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment**
**Complete details on franchise employment can be found here.
"The labor market recovery continued to power through its challenges last month," said Nela Richardson, chief economist, ADP. "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. 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."
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The October total of jobs added was revised from 571,000 to 570,000.
To obtain additional information about the ADP National Employment Report, including additional charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.adpemploymentreport.com.
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