JTN: The private sector added a net 127,000 jobs in November, according to a monthly report from payroll processing firm ADP.
The group reported 239,000 jobs added in October, per CNBC. November’s numbers marked the lowest since January of 2021. The ADP metric precedes that of the Labor Department by two days.
The leisure and hospitality sector lead industries for growth with 224,000 new posts while manufacturing firms, professional and business services, financial activities, information services, and goods-producing industries all posted significant losses. MORE