Employment grows by 534,000 jobs in November, ADP reports

Private sector employment increased by more than 534,000 jobs in November according to payroll and human resources firm ADP.

The Roseland-based firm said in its monthly ADP National Employment Report that the labor market recovery continued to power through its challenges last month.

“November’s job gains bring the three-month average to 543,000 monthly jobs added, a modest uptick from the job pace earlier this year. Job gains have eclipsed 15 million since the recovery began, though 5 million jobs short of pre-pandemic levels,” Nela Richardson, chief economist, ADP, said in a prepared statement. “Service providers, which are more vulnerable to the pandemic, have dominated job gains this year. It’s too early to tell if the Omicron variant could potentially slow the jobs recovery in coming months.”

The largest businesses, with more than 500 workers, hired 277,000 employees. Medium-sized businesses, with 50-499 workers, added 142,000 jobs, while small businesses, with less than 50 workers, added 115,000 positions.

The service-providing sector added 424,000 jobs for the month, with the goods-producing sector adding 110,000, ADP said.

Among individual industries, leisure and hospitality led the way, with 136,000 hires. Professional and business services added 110,000 while trade/transportation/utilities added 78,000 positions. In the goods-producing sector, construction led the way with 52,000 jobs gained, and manufacturing was right behind, with 50,000 jobs added.