US private-sector hiring slows

Private payrolls rose by 208,000 in November, down from a revised 233,000 increase in OctoberHiring in the US private sector slowed in November but still held at a solid growth rate, payroll company ADP said Wednesday. Though the November jobs gain was well below analysts’ consensus estimate of 225,000, it continued to show solid job growth above 200,000, ADP said. The ADP report came ahead of Friday’s closely watched government monthly jobs data, a gauge of the health of the world’s largest economy. Analysts expect the Labor Department’s November report will show jobs growth of 230,000, including 228,000 jobs in the private sector, and the unemployment rate unchanged at 5.8 percent.

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