Private sector employment increased by 158,000 in November, according to a report from ADP Employer Services, a division of Automatic Data Processing.
According to the ADP National Employment Report, the findings suggest a modest acceleration of employment in November, following three months during which gains in private nonfarm employment averaged a slower 104,000.
The U.S. Labor Department’s employment report will be released on Friday on November nonfarm payrolls. According to Reuters, it expected to show 110,000 nonfarm payroll jobs were created in November, up from 92,000 in October. The report counts government as well as private jobs.
Also, the Federal Reserve‘s policy-making group meets December 12 to decide interest-rate policy.
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The ADP National Employment Report is a measure of employment based on a large, anonymous subset of ADP payroll data that represents employees working in all 19 of the major North American Industrial Classification private industrial sectors.
The December 2006 ADP National Employment Report will be released January 3, 2007.