Private sector U.S. companies added 215,000 jobs in November, according to figures released today from ADP Research Institute. The median forecast of 40 economists surveyed by Bloomberg called for a 170,000 advance. Estimates ranged from gains of 125,000 to 210,000.
According to ADP the change in U.S. nonfarm private sector employment was an increase of 215,000 jobs. This was made up of 102,000 Small Business jobs, 48,000 Medium Business jobs, and 65,000 Large Business jobs. Manufacturing added 18,000 jobs, Financial Activities added 5,000 jobs, and Construction added 18,000 jobs.
Somedays you're the dog, and somedays you're the fire hydrant.
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury