Payroll growth slows in November as labor market tightens | WHAT REALLY HAPPENED


Payroll growth slows in November as labor market tightens

Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to a report Thursday from ADP and Moody's Analytics.

Private payrolls increased by 179,000, below the 195,000 growth expected by a Refinitiv survey of economists. The number also was a drop from the 225,000 in October and below the 203,000 prior monthly average.

Job gains were concentrated in medium-size businesses, with 50 to 499 employees, and came almost exclusively from services-providing companies.

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