
According to today’s ADP National Employment Report, employment in the nonfarm private business sector rose 206,000 from October to November on a seasonally adjusted basis. Employment in the private, service-providing sector increased 178,000 in November, after rising 130,000 in October. Employment in the private, goods-producing sector rose 28,000 in November. Manufacturing employment increased 7,000, offsetting the previous month’s decline, while construction employment grew 16,000.
“This month’s jobs figures show positive growth in all major sectors of the economy and are in line with the recent drop in the national unemployment rate and weekly jobless claims,” said Carlos Rodriguez, President and CEO of ADP. “Despite fiscal uncertainties here and abroad, owners of small- and medium-sized businesses found ways to grow and hire in November. As in previous months, service providers led the way in job creation.”
According to Joel Prakken, Chairman of Macroeconomic Advisers, LLC,
Prakken continued: “November’s increase in employment normally would be associated with a decline in the unemployment rate. An acceleration of employment is consistent with data showing that GDP growth, which slowed sharply around the turn of the year, is gradually recovering.”
Complete ADP National Employment Report
Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.
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