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Dec 5, 2012

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

118,000 jobs added in November, economists' expectations not met
By Edward Krudy

(Reuters) — Private-sector employers added 118,000 jobs in November, shy of economists' expectations, a report by a payrolls processor showed on Dec. 5.

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.

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