ADP News Release (12/06/23)
Private sector employment increased by 103,000 jobs in November and annual pay rose 5.6% year-to-year, according to the November ADP National Employment Report. “Restaurants and hotels were the biggest job creators during the post-pandemic recovery,” said Nela Richardson, chief economist, ADP. “But that boost is behind us, and the return to trend in leisure and hospitality suggests the economy as a whole will see more moderate hiring and wage growth in 2024.”
This article originally appeared on mediacenter.adp.com. Use this link to see the full article: ADP National Employment Report: Private Sector Employment Increased by 103,000 Jobs in November; Annual Pay was Up 5.6%
