ADP: Private Sector Jobs Up 216,000 in Nov.

Private-sector employment increased by 216,000 in November, on a seasonally adjusted basis, ADP estimated Wednesday.

In October, ADP says 119,000 jobs were added, compared to its initial estimate of 147,000 new jobs.

Economists surveyed by IFR Markets estimated a 165,000 ADP job gain projection for November.

""Businesses hired aggressively in November and there is little evidence that the uncertainty surrounding the presidential election dampened hiring," Mark Zandi, chief economist of Moody's Analytics, said in a release. "In addition, because of the tightening labor market, retailers may be accelerating seasonal hiring to secure an adequate workforce to meet holiday demand, although total expected seasonal hiring may be no higher than last year's."

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