ADP Survey: Businesses Add 67,000 Jobs to Hit 6-Month Low

U.S. private employers added the fewest jobs in six months in November, well shy of economists’ expectations, a report by a payrolls processor showed on Wednesday.

U.S. companies’ payrolls rose by 67,000 last month, The median forecast among economists polled by Reuters called for a gain of 140,000 jobs, with estimates ranging from 120,000 to 188,000.

It was the lowest monthly gain since May when just 46,000 were created, the fewest since 2010, and continues a trend of decelerating job growth that has taken hold this year.

Private payroll gains in the month earlier were revised down to 121,000 from an originally reported 125,000 increase.

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The report is jointly developed with Moody’s Analytics.

The ADP figures come ahead of the U.S. Labor Department’s more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists polled by Reuters are looking for U.S. private payroll employment to have grown by 175,000 jobs in November, up from 131,000 the month before. Total non-farm employment is expected to have risen by 180,000 after climbing by 128,000 in October.

The unemployment rate is forecast to stay steady at the 3.6 percent recorded a month earlier.

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