Survey: US businesses added a solid 179,000 jobs last month

AP

Print Article

FILE- In this June 21, 2018 file photo, job applicants talks with representatives from Aldi at a job fair hosted by Job News South Florida, in Sunrise, Fla. On Thursday, Dec. 6, payroll processor ADP reports how many jobs private employers added in November. (AP Photo/Lynne Sladky, File)

WASHINGTON (AP) — U.S. businesses hired new workers at a solid pace in November, adding 179,000 jobs, according to a private survey.

The report comes as other data also suggest the U.S. economy remains healthy, even as the financial markets have gyrated over concerns about a trade conflict with China and slowing global growth.

Payroll processor ADP said Thursday that last month's job gains slowed from October's strong showing of 225,000. Still, November's hiring is enough to lower the unemployment rate over time.

Job gains were strong in health care, which added 37,000 jobs, and in hotels and restaurants, which gained 26,000. Professional and technical services, which include high-paying jobs such as accountants and engineers, added 25,000. Construction gained 10,000 positions while manufacturing added just 4,000.

The report Thursday arrives a day before the government releases its official jobs numbers. Economists forecast that they will show employers added 195,000 jobs, and the unemployment rate will remain at a five-decade low of 3.7 percent, according to data provider FactSet.

The ADP numbers frequently diverge from the government's figures.

Ahu Yildirmaz, vice president of the ADP Research Institute, said that most of the job growth occurred among mid-sized businesses, with 50 to 499 employees. Those firms are typically large enough to offer the pay and benefits necessary to attract workers when the unemployment rate is so low. At the same time, they are not as exposed to the burgeoning trade war between the U.S. and China as larger firms are.

Other recent data points to a healthy economy, despite turbulence in the financial markets. Growth has reached a 3.8 percent annual rate in the past six months, the best such showing in four years. That's encouraging more companies to hire. Firms have added a robust total of more than 200,000 jobs a month this year, on average, and job openings are near a record high.

On Thursday, the government said that the number of people seeking unemployment benefits fell, after several weeks of modest gains that were likely spurred by hurricanes in the south this fall.

Print Article

Read More Business

Hunter named SAR’s Realtor of the Year

December 13, 2018 at 5:00 am | Bonner County Daily Bee Each year, the Selkirk Association of Realtors honors one of its members with the Realtor of the Year award based on that person’s involvement with the association and community. This year’s recipien...

Comments

Read More

Arizona journalism saga has poisoning claim, nasty divorce

AP

December 13, 2018 at 7:00 pm | PRESCOTT, Ariz. (AP) — An award-winning Arizona newspaper publisher and his wife are locked in a bizarre divorce case that has morphed into something more: a journalism ethics saga. Joseph Soldwe...

Comments

Read More

Correction: Los Angeles Housing Development story

AP

December 13, 2018 at 4:56 pm | LOS ANGELES (AP) — In a story Dec. 11 about a large housing development approved in the mountains north of Los Angeles, The Associated Press reported erroneously that several environmental groups sup...

Comments

Read More

Border Patrol arrests former student from Kenya in Spokane

AP

December 13, 2018 at 4:53 pm | SPOKANE, Wash. (AP) — In spite of a city ordinance that bars federal immigration agents from accessing nonpublic city property without a criminal warrant, U.S. Border Patrol arrested a former student...

Comments

Read More

Contact Us

(208) 263-9534
PO Box 159
Sandpoint, ID 83864

©2018 Bonner County Daily Bee Terms of Use Privacy Policy
X