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US private sector hiring slows in Nov

Published : Friday, 8 December, 2017 at 12:00 AM Count : 379

WASHINGTON, Dec 7: US companies continued to hire at a strong rate last month, but the pace slowed from the hurricane-inflated 2017 peak seen in October, payroll firm ADP reported Wednesday.
Nearly every major segment of the economy added employees, including the biggest increase in manufacturing jobs on record, according to the report that is closely watched for hints of what is to come in the key government jobs report Friday.
Total private employment increased by 190,000 in November, cooling from the blistering 235,000 pace in the prior month, according to the data. The gain was exactly as forecast by economists.
Manufacturing employment surged by 40,000 positions, the biggest increase since the data was first compiled in April 2002.    -AFP








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