U.S. private sector adds 146,000 jobs in November with mixed industry performance


  • World
  • Thursday, 05 Dec 2024

WASHINGTON, Dec. 4 (Xinhua) -- The U.S. private sector added 146,000 jobs in November, with mixed industry performance, according to a report released Wednesday.

The latest data from the National Employment Report is compiled by Automatic Data Processing (ADP) Research in partnership with the Stanford Digital Economy Lab.

"While overall growth for the month was healthy, industry performance was mixed," said Nela Richardson, chief economist at ADP. "Manufacturing was the weakest we've seen since spring. Financial services and leisure and hospitality were also soft."

The ADP report showed that U.S. companies slashed some 26,000 jobs in manufacturing in the month. The latest data came two days after the Institute for Supply Management (ISM) reported that economic activity in the U.S. manufacturing sector contracted in November for the eighth month in a row.

Meanwhile, U.S. companies added 140,000 jobs in service-providing industries in November, including 5,000 in financial activities, and 15,000 in leisure and hospitality.

Year-over-year pay gains for job-stayers edged up for the first time in 25 months, to 4.8 percent, the ADP report showed.

The October total of jobs added was revised down from 233,000 to 184,000.

The ADP report came two days before the crucial monthly employment report released by the Labor Department's Bureau of Labor Statistics, which will include employment data from both the private sector and the government.

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