Private-sector employment increased by 190,000 in November, on a seasonally adjusted basis, ADP estimated Wednesday.
In October, ADP says 235,000 jobs were added.
Economists surveyed by IFR Markets projected a 188,000 job gain for November.
“The job market is red hot, with broad-based job gains across industries and company sizes,” said Mark Zandi, chief economist of Moody’s Analytics. “The only soft spots are in industries being disrupted by technology, brick-and-mortar retailing being the best example. There is a mounting threat that the job market will overheat next year.”
