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    Private sector November job rise highest in 3 years: report
  • 01Dec

    (Reuters) - U.S. private employers added a better-than-forecast 93,000 jobs in November, the biggest rise since November 2007, after an upwardly revised gain of 82,000 the month before, a report by a payrolls processor showed on Wednesday.


    The October figure was originally reported as a gain of 43,000.

    The median of estimates from 36 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for a rise of 69,000 private-sector jobs in November.

    The ADP figures come ahead of the government's much more comprehensive labor market report on Friday, which includes both public and private sector employment.

    That report is expected to show a rise in overall nonfarm payrolls of 140,000 last month, based on a Reuters poll of analysts, with a gain in private payrolls of 153,000.

    Economists often refer to the ADP report to fine-tune their expectations for the payrolls numbers, though it is not always accurate in predicting the outcome.

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