Employment in the private sector rose 206,000 from October to November and small businesses contributed to more than half of the growth.
Employment in the service-providing sector increased 178,000 in November, after rising 130,000 in October. The goods-producing sector saw an increase of 28,000 jobs in November and manufacturing employment increased 7,000, offsetting the previous month's decline, while construction employment grew 16,000, the ADP National Employment Report said Wednesday.
November's advance was the largest monthly gain since last December and nearly twice the average monthly gain since May when employment decelerated sharply, said Joel Prakken, chairman of Macroeconomic Advisers, LLC.
Small businesses with fewer than 50 employees added 110,000 jobs in November, up from the 67,000 jobs added last month. Among the new jobs created this month, 95,000 came from the service-providing sector.
Moran Zhang is a finance and economics reporter at The International Business Times. Her work has appeared in the Wall Street Journal Digital Network’s MarketWatch, United...