Private-sector job growth biggest in 3 years

Private-sector employment posted its biggest improvement in three years last month, according to a report issued Wednesday, while separate data showed the biggest increase in job cuts in eight months.

Payrolls among private employers rose by 93,000 in November, the 10th consecutive month of increases, payroll processor ADP said in its report.

The ADP employment report was expected to show a gain of 58,000 jobs in November, according to the Briefing.com consensus of economist forecasts. In addition, the October gain was revised by nearly double to 82,000 from the originally reported 43,000.

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- Posted: 2010-12-01 09:32:19

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