The private sector added 216,000 jobs in November, according to the ADP Research Institute® National Employment Report (NER). While economists had anticipated strong hiring in November, the figures surpassed industry predictions and 12-month averages.
This may be because employers are getting ahead of the expected talent shortage, said Mark Zandi, chief economist of Moody’s Analytics. He reported that, “because of the tightening labor market, retailers may be accelerating seasonal hiring to secure an adequate workforce to meet holiday demand.”
