Private payrolls increased by 103,000 in November, below expectations, ADP says

[mystery-ak]

Private payrolls increased by 103,000 in November, below expectations, ADP says
Published Wed, Dec 6 20238:15 AM ESTUpdated Wed, Dec 6 20239:18 AM EST
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Jeff Cox

Key Points

    Private payrolls grew by 103,000 workers in November, below the downwardly revised 106,000 in October and the 128,000 Dow Jones estimate.
    After leading job creation for most of the period since Covid hit in early 2020, leisure and hospitality recorded a loss of 7,000 jobs.
    Services-related industries provided all the job gains for the month, as goods producers saw a net loss of 14,000.

Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, payrolls processing firm ADP reported Wednesday.

Companies added just 103,000 workers for the month, slightly below the downwardly revised 106,000 in October and missing the 128,000 Dow Jones estimate.

Along with the modest job growth came a 5.6% increase in annual pay, which ADP said was the smallest gain since September 2021. Job-changers saw wage increases of 8.3%, making the premium for switching positions the lowest since ADP began tracking the data three years ago.

After leading job creation for most of the period since Covid hit in early 2020, leisure and hospitality recorded a loss of 7,000 jobs for the month. Trade, transportation and utilities saw an increase of 55,000 positions, while education and health services added 44,000 and other services contributed 15,000.

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https://www.cnbc.com/2023/12/06/private-payrolls-increased-by-103000-in-november-below-expectations-adp-says.html

[GtHawk]

Can you say seasonal? A whopping 103k, good thing we have millions of illegals flooding across the border to take all those unfilled jobs Americans won’t do.

[Hoodat]

Can you say seasonal? A whopping 103k, good thing we have millions of illegals flooding across the border to take all those unfilled jobs Americans won’t do.

Illegals don't have to work.  They're already getting free money from the government.  That's why they are here.  It's why they came.

[GtHawk]

Illegals don't have to work.  They're already getting free money from the government.  That's why they are here.  It's why they came.

Yes I know. However, it's the democraps contention and excuse for flooding America with illegals that we neeeed them to do the jobs Americans won't. I would point out the falacy in that as there were a plethora of Americans willing to do the same exact "job" of leaching off of working taxpaying Americans during the covid shut down.......further I maintain they are still doing it, only going back to work after their benefits run out and then quitting and going back on unemployment once they have worked enough to qualify. A very successful training program brought to America by both Trump and Biden