December 2, 2020

US private job growth slows in November: ADP

Washington (AFP) – US private employment continued to grow in November albeit at a slower-than-anticipated rate, according to private data released Wednesday, raising fears the US economy’s momentum was slowing amid the renewed Covid-19 wave.Payroll services firm ADP said private jobs rose 307,000 last month, seasonally adjusted, with firms of all sizes showing increases, though that gain was slower than October’s upwardly revised gain of 404,000.The US economy has been recovering from mass layoffs earlier this year caused by the Covid-19 pandemic, but those gains were fueled in part by easing…


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