Recent trends indicate a resilience in private payrolls, highlighting a positive shift in the job market. The November jobs report revealed a combined increase of 121,000 jobs over October and November, surpassing expectations. This data, analyzed by Stephen Brown, deputy chief North America economist at Capital Economics, suggests a stabilization phase for private employers.
Key Private Payroll Statistics
In November, private employers added 69,000 positions, while October saw an addition of 52,000 jobs. This consistent growth signifies a robust employment landscape.
Comparison with ADP Data
In contrast, the ADP reported a different scenario. Their data indicated a loss of 32,000 jobs in November, with a mere 42,000 jobs added in October. This discrepancy highlights the variability in employment data reporting.
Summary of Job Additions
| Month | Private Payrolls (Capital Economics) | Private Payrolls (ADP) |
|---|---|---|
| October | 52,000 | 42,000 |
| November | 69,000 | -32,000 |
| Total | 121,000 | N/A |
Despite variations in reporting, the overall trend suggests that private payrolls remain resilient. Continued monitoring of these figures will be crucial for understanding future employment dynamics.
