Private sector jobs grow, but recovery still anemic(Read article summary)
ADP report says private employers added 93,000 jobs in November.
Today, private staffing and business services firm ADP released the latest installment of their National Employment Report indicating that the situation for private employment in the U.S. improved slightly in November as private employers added 93,000 jobs in the month bringing the total employment level 0.23% above the level seen in November 2009.
Looking at the chart (click for enlarged version) showing ADP’s total private nonfarm payrolls since 2001 as well as the year-over-year and month-to-month percent change, you can see that the so-called “recovery” has been anemic.
Perusing the rest of the data in the ADP dataset it’s obvious that our economy faces some significant headwinds coming from the job market with continually collapsing construction payrolls and feeble trends in goods producing and service-producing payrolls.
Look for Friday’s BLS Employment Situation Report to likely show somewhat similar trends.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.