Private sector adds fewer-than-expected jobs in November: ADP

NEW YORK, Wed Dec 5, 2012 — Private-sector employers added 118,000 jobs in November, shy of economists’ expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 125,000 jobs.

October’s private payrolls were revised slightly down to an increase of 157,000 from the previously reported 158,000.

The report is jointly developed with Macroeconomic Advisers LLC.