ROSELAND, N.J. -- According to an ADP National Employment Report released Wednesday, private sector employment decreased by 169,000 in November from the previous month. The report, derived from actual payroll data, measures the change in total nonfarm private employment each month.
November marks the eight consecutive month of decline in jobs lost and is expected to continue to decline for at least a few more months as the economy slowly stabilizes.
Employment in the goods-producing sector declined 88,000, with the manufacturing sector dropping 44,000 jobs, the smallest decline since May of 2008, according to the ADP report, jointly developed with Macroeconomic Advisers LLC.
Small businesses took the biggest employment loss of 68,000, while medium-sized business of 50 to 499 employees lost 57,000 jobs in November. Large businesses reported a decline of 44,000.
To view the full report, visit www.ADPemploymentreport.com