Private-sector job growth ramps up in November with 534,000 positions added, ADP says - Fox Business
Dec 01, 2021 53 secs
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Mutual Fund and ETF data provided by Refinitiv Lipper.

private-sector job growth ramped up in November even as the labor market faces one of the worst worker shortages in decades, according to the ADP National Employment Report released Wednesday morning. .

DOW POSTS BIGGEST SINGLE-DAY DROP THIS YEAR AS NEW COVID-19 VARIANT TRIGGERS MARKET SELL-OFF.

Leisure and hospitality, the sector hit hardest by the pandemic, accounted for the bulk of the gains, adding 136,000 new positions last month.

Professional and business services also made up a significant number of job gains, adding 110,000 new positions last month.

But the goods-producing sector also played a role in job creation, adding some 110,000 jobs.

The report comes amid newfound fears that the omicron variant of COVID-19 – a highly mutated strain that health officials have said is "of concern" – could derail the global economy's recovery from the pandemic.

"The labor market recovery continued to power through its challenges last month," said Nela Richardson, ADP's chief economist

Market data provided by Factset


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