Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  December 05, 2012 15:58:31

U.S. - the private sector in November created 118,000 new jobs, just below estimates. Sandy cut a 86,000 jobs

The private sector in the U.S. in November, according to the agency ADP has created 118,000 new jobs, slightly underperformed the market expectations set at 125,000 compared to 158,000 jobs in October. Overall range estimates ranged from 35 to 174 000.
ADP estimates that Hurricane Sandy reduced the number of jobs created by a full 86 000th Speeches were hit by Hurricane sectors especially manufacturing, retail, hospitality and health care. In the affected states works about 14% of all workers. Companies in many cases also awaiting the outcome of negotiations on a possible "fiscal cliff."

Sector production of goods including, inter alia, manufacturing and construction in November created 4,000 new jobs. Construction in November alone created 23,000 new jobs, factories, then another 16,000 jobs.
The service sector generated 114,000 new jobs.

Large firms with more than 499 employees created 66,000 new jobs, businesses from 50 to 499, then 33,000 employees, and small businesses up to 49 employees additional 19,000 seats.

ADP processes data from 406,000 enterprises employing 23 million people or more than 20% of the total workforce.

Friday will be similar statistics published government Labor Department worked for the whole economy. The market allows for the stagnation in the unemployment rate to 7.9%, and the creation of 93,000 new jobs.
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