U.S. private-sector employers added 103,000 new hires in November versus 106,000 workers in October, according to Nov.’s ADP® National Employment Report, a collaboration with the Stanford Digital Economy Lab.
Consider what is occurring in a slice of service sector employment.
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U.S. private employers grew their payrolls by 113,000 workers in October versus September’s 89,000 new hires, a month-over increase of 21%, according to the October ADP National Employment Report, a collaboration with the Stanford Digital Economy Lab.
“No single industry dominated hiring this month, and big post-pandemic pay increases seem to be behind us,” said Nela Richardson, ADP’s chief economist, said in a statement. “In all, October’s numbers paint a well-rounded jobs picture. And while the labor market has slowed, it’s still enough to support strong consumer spending.”
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