Handily beating predictions for a modest jobs increase last month, ADP reported this morning that the U.S. private sector added 215,000 jobs in November.
That estimate, derived from the millions of paychecks ADP processes each month, was 40,000 to 50,000 jobs higher than surveys of economists predicted. ADP, and its partner, Moody’s Analytics, also upped the initial job counts for September and October by 93,000 more jobs.
Small businesses, those with fewer than 50 workers, added 102,000 new jobs. The largest employers, those with more than 1,000 employees, added 70,000 jobs.
Among the industry sectors ADP tracks, the largest growth came in trade, transportation and utilities with 45,000 new workers. Close behind, however, was the professional and business services sector, which includes temp workers, with 38,000 new jobs.