ADP: Nationwide employment up by 190K jobs

Private-sector employment increased by 190,000 jobs from October to November, according to the November ADP National Employment Report.

The report measures the change in total nonfarm private employment each month on a seasonally adjusted basis and is produced by Roseland-based ADP’s Research Institute in collaboration with Moody’s Analytics.

The service-providing sector saw an increase of 155,000 jobs.

Small businesses with less than 50 employees saw a 50,000-job increase, about half the increase seen for medium businesses, with 50 to 499 employees.

“The labor market continues to grow at a solid pace,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Notably, manufacturing added the most jobs the industry has seen all year. As the labor market continues to tighten and wages increase, it will become increasingly difficult for employers to attract and retain skilled talent.”

Construction was where a rare decrease was seen, with about 4,000 fewer jobs.

“The job market is red-hot, with broad-based job gains across industries and company sizes,” said Mark Zandi, chief economist of Moody’s Analytics. “The only soft spots are in industries being disrupted by technology, brick-and-mortar retailing being the best example. There is a mounting threat that the job market will overheat next year.”