According to the National Employment Report (ADP), the US Private sector employment increased by 118,000 jobs in November. The report is based on ADP actual payroll data, and measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
The October 2012 data were revised down by 1,000 to 157,000 jobs from prior 58,000. Service-providing jobs increased by 114,000. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities services had the largest gain with 22,000 jobs added over the month. Professional/business services added 16,000 jobs and financial activities added 13,000 jobs in November.
Moody’s Analytics reminds that "Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls. The manufacturing, retailing, leisure and hospitality, and temporary help industries were hit particularly hard by the storm. Abstracting from the storm, the job market turned in a good performance during the month. This is especially impressive given the uncertainty created by the Presidential election and the fast-approaching fiscal cliff. Businesses appear to be holding firm on their hiring decisions.”