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Meredith Whitney Advisory Group CEO unpacks the state of the stock market on ‘The Claman Countdown.’
Companies in the private sector added 146,000 jobs in November, payroll processing firm ADP said on Wednesday.
The figure is below economists’ estimates of 150,000 jobs and much lower than the prior month’s revised reading of 184,000.
“While overall growth for the month was healthy, industry performance was mixed,” said Nela Richardson, ADP’s chief economist. “Manufacturing was the weakest we’ve seen since spring. Financial services and leisure and hospitality were also soft.”
Wage growth in November edged higher to 4.8% on an annual basis, the first increase in 25 months, ADP said.
This is a developing story. Please check back for updates.
