us private sector hiring slows in november
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US private sector hiring slows in November

Arab Today, arab today

Arab Today, arab today US private sector hiring slows in November

Total private employment increased by 190,000 in November
Washington - Arab Today

US companies continued to hire at a strong rate last month, but the pace slowed from the hurricane-inflated 2017 peak seen in October, payroll firm ADP reported Wednesday.

Nearly every major segment of the economy added employees, including the biggest increase in manufacturing jobs on record, according to the report that is closely watched for hints of what is to come in the key government jobs report Friday.

Total private employment increased by 190,000 in November, cooling from the blistering 235,000 pace in the prior month, according to the data. The gain was exactly as forecast by economists.

Manufacturing employment surged by 40,000 positions, the biggest increase since the data was first compiled in April 2002.

Despite that gain, the total goods producing sector slowed, adding just 36,000 positions, the lowest since the summer, after rising by more than double that amount in October. Services employment rose to 155,000, slightly higher than the prior month.

"The job market is red hot, with broad-based job gains across industries and company sizes," Mark Zandi, chief economist of Moody’s Analytics, said in a statement.

"There is a mounting threat that the job market will overheat next year."

The construction sector saw a rare dip, slipping 4,000 after a stunning 62,000 surge in the prior month boosted by post-hurricane reconstruction hiring in the wake of two major summer storms.

Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said the reports of difficulty filling open positions could get worse.

"As the labor market continues to tighten and wages increase it will become increasingly difficult for employers to attract and retain skilled talent," he said in a statement.

That could become a concern if rising wages translate to higher inflation, which in turn could cause the Federal Reserve to accelerate increases in the key lending rate.

The consensus forecast is for the Labor Department to report total nonfarm payrolls to increase 190,000 in November, with a gain of 170,000 expected for private employment.

The ADP report covers 411,000 firms and 24 million workers and is used as a signal on the overall labor market, even while it does not always track the official data closely, since the reports use different data.

Source:AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us private sector hiring slows in november us private sector hiring slows in november

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us private sector hiring slows in november us private sector hiring slows in november

 



GMT 04:22 2017 Tuesday ,26 December

Israel in touch with '10 countries' over embassy moves

GMT 19:43 2017 Friday ,06 October

Employee safety top priority at Khalifa Port

GMT 16:19 2017 Friday ,28 April

ISIS Suspect Arrested in Western Germany

GMT 12:57 2017 Monday ,11 December

50 Students Poisoned by Contaminated Well Water

GMT 16:31 2017 Thursday ,10 August

Palestinians will discuss decline of aids

GMT 21:15 2017 Saturday ,04 March

Obama never ordered surveillance on any US citizen

GMT 10:00 2017 Thursday ,09 March

Russia ‘can be good friends with GCC’

GMT 02:13 2017 Wednesday ,22 February

Russian helicopter crash kills 19 in Siberia

GMT 13:23 2017 Tuesday ,05 December

Lebanon PM Hariri rescinds resignation

GMT 00:39 2017 Tuesday ,05 December

Gunmen kill cleric in Aden, southern Yemen

GMT 11:43 2016 Thursday ,24 November

Will learn from Euro exit

GMT 06:56 2017 Tuesday ,17 October

US ‘not taking sides’ between Iraqi forces, Kurds

GMT 19:59 2017 Thursday ,16 February

Syrian opposition's chief negotiator arrives in Astana

GMT 15:41 2017 Thursday ,29 June

US sets new visa rules for 6 mainly Muslim nations

GMT 19:31 2017 Saturday ,11 February

Earthquake Hits Taiwan

GMT 15:30 2017 Monday ,27 November

Syrian government will not join peace talks on Monday

GMT 16:20 2017 Tuesday ,31 October

La Rochelle survive red card to down Toulouse

GMT 20:33 2018 Tuesday ,16 January

Bahraini official receives UAE Ambassador

GMT 22:40 2018 Monday ,08 January

Bahrain to host first Baby Games
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday