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02.12.2015 13:23 U.S. ADP Employment Report: private sector adds 217,000 jobs in November

Private sector in the U.S. added 217,000 jobs in November, according the ADP report on Wednesday. October's figure was revised up to 196,000 jobs from a previous reading of 182,000 jobs.

 

Analysts expected the private sector to add 190,000 jobs.

 

Services sector added 204,000 jobs in November, while goods-producing sector added only 13,000.

 

"Job growth remains strong and steady. The current pace of job creation is twice that needed to absorb growth in the working age population. The economy is fast approaching full employment and will be there no later than next summer," the Chief Economist of Moody's Analytics Mark Zandi said.

 

Official labour market data will be released on Friday. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 5.1% in November. The U.S. economy is expected to add 200,000 jobs in November, after adding 271,000 jobs in October.



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