Uploaded by FinancialNewsOnline on Nov 30, 2011
According to the ADP employment report, private sector jobs increased sharply in the month of November, the largest gain since last December. Payrolls rose by 206,000 which is almost twice the average increase in recent months with the October level only being at a revised 130,000.
In other sectors, 178,000 new jobs in the service-providing sector, 28,000 in the goods-producing sector, and 110,000 at small businesses.
With this positive report, many economists believe the Labor Department will report rising employment but the unemployment rate of 9% will remain constant.
In other sectors, 178,000 new jobs in the service-providing sector, 28,000 in the goods-producing sector, and 110,000 at small businesses.
With this positive report, many economists believe the Labor Department will report rising employment but the unemployment rate of 9% will remain constant.
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