GO
Loading...

ADP Reports Payroll Jobs Up 158,000

U.S. private employers likely added 158,000 jobs in November, according to a survey by ADP Employer Services, a private employment service. The report came in above current consensus estimates (Play-By-Play: ADP National Employment Numbers Higher Than Expected). The dollar edged up and U.S. Treasuries fell on the news.

The median forecast for the ADP survey from economists polled by Reuters pointed to a reading of 125,000 new jobs for the November report.

Automatic Data Processing, based in Roseland, New Jersey, is the parent of ADP Employer Services and is a large payroll services company. The employment report was jointly developed
with Macroeconomic Advisers LLC.

Macroeconomic Advisers is based in St. Louis, Missouri. The ADP National Employment Report is released each month, two days prior to the government's own job survey.

According to the latest Reuters poll of economists, the U.S. Labor Department's closely watched employment report on Friday is expected to show that 110,000 non-farm payroll jobs
were created in November, up from 92,000 in October.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Gov. Pence: Hobby Lobby relevant

    Indiana Governor Mike Pence discusses the value of the Religious Freedom Restoration Act, saying the Hobby Lobby Supreme Court decision is relevant.

  • Indianapolis Chamber: National attention horrific

    Michael Huber, Indianapolis Chamber of Commerce CEO, discusses the national backlash over the Religious Freedom Restoration Act, and especially the criticism from businesses.

  • The next buzz in biotech

    As gene therapy emerges in the biotech industry and Phil Nadeau, Cowen and Company Biotechnology Analyst, explains why it could be the next billion dollar industry.