Economic Indicators

US private payrolls gain slightly below expectations in November

2024.12.04 08:56

WASHINGTON (Reuters) – U.S. private payrolls increased at a moderate pace in November, the ADP National Employment Report showed on Wednesday.

Private payrolls rose by 146,000 jobs last month after advancing by a downwardly revised 184,000 in October.

Economists polled by Reuters had forecast private employment increasing by 150,000 positions after a previously reported 233,000 jump in October.

The ADP report, jointly developed with the Stanford Digital Economy Lab, was published ahead of Friday’s more comprehensive and closely watched employment report for November from the Labor Department’s Bureau of Labor Statistics.

There is no correlation between the ADP and BLS employment report. Initial ADP prints have mostly understated private payroll growth this year. An acceleration in job growth is anticipated in November after being severely curtailed by Hurricanes Helene and Milton, as well as strikes by factory workers at Boeing (NYSE:) and another aerospace company.

© Reuters. FILE PHOTO: An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz/File Photo

Private payrolls likely rebounded by 200,000 jobs last month after declining by 28,000 in October, a Reuters survey of economists showed. That would account for all the expected 200,000 increase in nonfarm payrolls.

The economy added only 12,000 jobs in October, the fewest since December 2020. The unemployment rate is forecast rising to 4.2% from 4.1% in October.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 84,423.62 0.63%
ethereum
Ethereum (ETH) $ 1,931.24 1.07%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.44 4.50%
bnb
BNB (BNB) $ 599.52 2.80%
solana
Solana (SOL) $ 135.40 5.01%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.750722 3.08%
dogecoin
Dogecoin (DOGE) $ 0.176779 2.80%
tron
TRON (TRX) $ 0.223773 0.83%
staked-ether
Lido Staked Ether (STETH) $ 1,929.46 1.30%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,120.54 0.71%
pi-network
Pi Network (PI) $ 1.45 3.08%
leo-token
LEO Token (LEO) $ 9.58 1.95%
chainlink
Chainlink (LINK) $ 14.04 1.53%
stellar
Stellar (XLM) $ 0.278703 0.57%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,310.14 1.36%
usds
USDS (USDS) $ 1.00 0.07%
hedera-hashgraph
Hedera (HBAR) $ 0.193948 0.29%
avalanche-2
Avalanche (AVAX) $ 18.67 0.77%
the-open-network
Toncoin (TON) $ 3.13 9.92%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 2.25%
sui
Sui (SUI) $ 2.35 4.04%
litecoin
Litecoin (LTC) $ 93.92 2.98%
bitcoin-cash
Bitcoin Cash (BCH) $ 339.07 2.64%
polkadot
Polkadot (DOT) $ 4.39 4.66%
mantra-dao
MANTRA (OM) $ 6.60 6.38%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
weth
WETH (WETH) $ 1,931.11 1.18%
bitget-token
Bitget Token (BGB) $ 4.43 0.73%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.03%
hyperliquid
Hyperliquid (HYPE) $ 14.70 6.65%
whitebit
WhiteBIT Coin (WBT) $ 28.50 0.67%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,050.09 0.97%
monero
Monero (XMR) $ 208.47 0.44%
uniswap
Uniswap (UNI) $ 6.13 2.85%
susds
sUSDS (SUSDS) $ 1.04 0.04%
aptos
Aptos (APT) $ 5.34 2.35%
near
NEAR Protocol (NEAR) $ 2.66 0.30%
dai
Dai (DAI) $ 1.00 0.02%
pepe
Pepe (PEPE) $ 0.000007 0.78%
okb
OKB (OKB) $ 46.60 2.63%
ondo-finance
Ondo (ONDO) $ 0.879999 0.16%
internet-computer
Internet Computer (ICP) $ 5.76 2.30%
ethereum-classic
Ethereum Classic (ETC) $ 18.05 0.68%
gatechain-token
Gate (GT) $ 21.40 3.31%
aave
Aave (AAVE) $ 173.89 2.57%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,447.63 0.71%
mantle
Mantle (MNT) $ 0.744451 1.68%
official-trump
Official Trump (TRUMP) $ 12.10 2.00%