
Private Sector Job Growth in November Falls Short of Expectations: ADP Report
According to the ADP National Employment Report, private sector employment in the US increased by 103,000 jobs in November, with annual pay up 5.6% year-over-year. The report also highlighted that job growth in leisure and hospitality, which had been strong during the post-pandemic recovery, is expected to moderate in the coming year. Additionally, pay growth slowed in November, with job-stayers seeing a 5.6% increase and job-changers experiencing pay gains of 8.3%, the smallest increase since June 2021.


