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.”

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.