{"id":91325,"date":"2023-12-07T09:10:54","date_gmt":"2023-12-07T06:10:54","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=91325"},"modified":"2023-12-07T08:12:00","modified_gmt":"2023-12-07T05:12:00","slug":"u-s-private-sector-adds-103000-jobs-in-november-as-hiring-slows","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2023\/12\/u-s-private-sector-adds-103000-jobs-in-november-as-hiring-slows\/","title":{"rendered":"U.S. private sector adds 103,000 jobs in November as hiring slows"},"content":{"rendered":"<p><strong>WASHINGTON, Dec. 6 (Xinhua) &#8212; Private companies in the United States added 103,000 jobs in November, indicating slowing job growth in a cooling labor market, payroll data company Automatic Data Processing (ADP) reported Wednesday.<\/strong><\/p>\n<p>&#8220;Restaurants and hotels were the biggest job creators during the post-pandemic recovery,&#8221; said Nela Richardson, chief economist at ADP. &#8220;But that boost is behind us.&#8221;<\/p>\n<p>&#8220;The return to trend in leisure and hospitality suggests the economy as a whole will see more moderate hiring and wage growth in 2024,&#8221; said Richardson.<\/p>\n<p>In November, the goods-producing sector lost 14,000 jobs, with a decline of 15,000 jobs in manufacturing. In the service-providing sector, 117,000 jobs were added, with declines in professional\/business services (-5,000) and leisure\/hospitality (-7,000), the report showed.<\/p>\n<p>Job growth in the private sector totaled a downwardly revised 106,000 in October, the report showed.<\/p>\n<p>Job-stayers saw a 5.6 percent pay increase in November, the slowest pace of gains since September 2021, according to the report. Job-changers, too, saw slowing pay growth. The premium for switching jobs is at the smallest in three years of data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, Dec. 6 (Xinhua) &#8212; Private companies in the United States added 103,000 jobs in November, indicating slowing job growth in a cooling labor market, payroll data company Automatic Data Processing (ADP) reported Wednesday. &#8220;Restaurants and hotels were the biggest job creators during the post-pandemic recovery,&#8221; said Nela Richardson, chief economist at ADP. &#8220;But that [&hellip;]<\/p>\n","protected":false},"author":13592,"featured_media":18227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[8906,15557,9442,9444,7622,4012,13408],"coauthors":[782],"class_list":["post-91325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-000-jobs","tag-15557","tag-adds","tag-hiring-slows","tag-november","tag-private-sector","tag-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - 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