Economics
U.S. Companies Add Fewer Jobs Than Forecast, ADP Data Show
- Payrolls rose by 307,000 in November, smallest gain since July
- Leisure, business services and health care lead hiring advance
This article is for subscribers only.
U.S. companies added fewer jobs in November than forecast, signaling a deceleration in hiring as coronavirus cases surge and some governments begin imposing new restrictions.
Businesses’ payrolls increased by 307,000 during the month, the smallest advance since July, after an upwardly revised 404,000 gain in the prior month, according to ADP Research Institute data released Wednesday. The median projection in a Bloomberg survey of economists called for a 440,000 advance.