ADP: Labor Market Undeterred By Government Shutdown
November was not only the strongest month for job growth in 2013, but payroll processor ADP’s monthly National Employment report also showed that employers added workers to their payrolls at the most robust pace in a year. Surpassing economists expectations for an increase of 178,000 jobs, private-sector employment in the United States grew by 215,000 jobs in November and October’s gain was upwardly revised to 184,000 from the 130,000 reported a month ago. To Carlos Rodriguez, president and chief executive officer of ADP, that data was an “encouraging sign as we head toward the new year.”
Small companies — employing between 1 and 19 workers — led November’s job gains, adding 102,000 positions to their payrolls last month. Comparatively, medium businesses, with 50 to 499 employees, added 48,000 jobs and large corporations, and businesses with more than 500 workers added 65,000.
Notably, companies employing between 500 and 999 workers laid off around 5,000 people. In terms of sector job additions, unsurprising, the service-providing industries added the most jobs with 176,000, while the goods-producing industries added only 40,000. More specifically, employment in construction rose by 18,000 jobs; factories added 18,000 jobs, the biggest gain since February 2012; and, trade, transportation, and utilities created 45,000 jobs last month.