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Private sector employment increased by 217,000 jobs

Wednesday, Dec 02 2015
Private sector employment increased by 217,000 jobs from October to November according to the November ADP National Employment Report. Smaller increase by 191,000 jobs was expected. "The strongest gains in the service sector since June led to greater employment growth in November,” said Ahu Yildirmaz, VP and head of the ADP Research Institute.  
“The increase was driven in large part by a rebound in professional/business service jobs.” Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth remains strong and steady.  The current pace of job creation is twice that needed to absorb growth in the working age population.  The economy is fast approaching full employment and will be there no later than next summer.” 
 
Euro is currently being traded few points below 1.06 level, Sterling is around 1.5010 handle, while Aussie is above 0.7320 area. 
More in this category: « Eurozone CPI at 0.1% Australian Trade Balance deficit rose to $3.3 billion »

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