ADP Employment Report Shows Loss Of 169,000 Jobs In November

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Private sector employment continued to decrease in the month of November, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, although the report showed a continued slowdown in the pace of job losses.

The report showed that non-farm private employment fell by 169,000 jobs in November following a revised decrease of 195,000 jobs in October. Economists had been expecting a decrease of about 150,000 jobs compared to the loss of 203,000 jobs originally reported for the previous month.

ADP noted that November was the eighth consecutive month during which the decline in employment was less than in the previous month.

Private sector employment continued to decrease in the month of November, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, although the report showed a continued slowdown in the pace of job losses. (Market News Provided by RTTNews)