In November, private sector job growth in the United States was weaker than expected, reflecting a slowdown in the labor market, CNBC writes, citing a report from ADP.
Companies added 146,000 jobs last month, below the downwardly revised 184,000 in October and the Dow Jones forecast of 163,000.
Job creation was led by the education and health care sectors, which added 50,000 positions during the reporting period. They were followed by construction with 30,000 new jobs, trade, transportation, and utilities with an increase of 28,000, and other services, which contributed 20,000 jobs.
The manufacturing sector lost 26,000 jobs in a month. Businesses with fewer than 50 employees also reported a decline of 17,000.
Wage growth accelerated to 4.8%, a faster increase since October and the first in 27 months.