ADP Report: Sandy Slowed Hiring In November

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
ADP jobs report November Hurricane Sandy

By Christopher S. Rugaber


WASHINGTON -- A private survey shows that U.S. businesses added fewer workers in November, in part because Superstorm Sandy shut down factories, retail stores and other companies.

Payroll processor ADP says employers added 118,000 jobs last month. That's below October's total of 157,000, which was revised lower.

Mark Zandi, chief economist at Moody's Analytics, says the storm cut payrolls by 86,000 jobs. Excluding the effects of the storm, "the job market turned in a good performance during the month."

ADP is calculating job gains with a different methodology than it had previously used. The new report covers more businesses.

The report only covers hiring in the private sector, so it excludes government job growth. The Labor Department will offer a more complete picture of October hiring on Friday.





Don't Miss: Companies Hiring Now



More From AOL Jobs



Looking for a job? Click here to get started.


AP

Editor

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Add a Comment

*0 / 3000 Character Maximum

Search Jobs

In Partnership With
Keywords:
Location:

Search Articles

Top Companies Hiring

April 13 - April 20

Looking for work? See what companies added new openings this week.