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November's 215,000-Job Increase Is a High for the Year

The U.S. added 215,000 private sector jobs in November, well above the 184,000 jobs that were added in October, according to the National Employment Report released¬† today by ADP (NASDAQ: ADP  ) .¬†

The increase in hiring was driven primarily by small businesses, those with fewer than 50 employees, as they added more than 100,000 employees from October to November. Large businesses (those with more than 500 employees) added 65,000 jobs, and medium businesses (between 50 and 499 employees) added 48,000 jobs.

Total gains in employment by sector since 2012 are shown in the chart below:

Source: ADP.

Most of the month's new jobs were in service-providing industries, which added 176,000 jobs in November, up from 156,000 in October.

The 215,000 jobs that were added in the private sector were the largest monthly gain in 2013, and the fourth-highest total since the beginning of 2012. The industries that posted the largest gains in employment were trade/transportation/utilities, which added 45,000 jobs, and professional business services, which added 38,000 jobs. Both the construction and manufacturing industries added 18,000 each. The gain in manufacturing jobs was the largest since early 2012.

Of the strong results posted in November, Carlos Rodriguez, the CEO of ADP, said, "It's an encouraging sign as we head toward the new year."

The gain of 215,000 jobs also came in above the three- and six-month average gain in employment, which stood at 195,000 and 181,000, respectively. ADP has reported private sector job growth of more than 100,000 jobs for 15 consecutive months.


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