Private businesses in the United States hired 179 thousand workers in November of 2018, compared with a downwardly revised 225 thousand in October and below market expectations of 195 thousand. It is the lowest reading in three months. The service-providing sector added 163 thousand jobs, boosted by professional and business (59 thousand); education and health (49 thousand); leisure and hospitality (26 thousand); trade, transportation and utilities (18 thousand); financial activities (8 thousand); and other services (3 thousand) while the information sector lost 1 thousand jobs. The goods-producing sector added 16 thousand jobs supported by construction (10 thousand); manufacturing (4 thousand); and natural resources and mining (2 thousand). Midsized companies were the ones hiring the most workers (119 thousand), followed by small (46 thousand) and large (13 thousand). ADP Employment Change in the United States averaged 74.51 Thousand from 2001 until 2018, reaching an all time high of 384 Thousand in February of 2006 and a record low of -836 Thousand in February of 2009.
ADP Employment Change in the United States is expected to be 160.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate ADP Employment Change in the United States to stand at 219.31 in 12 months time. In the long-term, the United States ADP Employment Change is projected to trend around 150.00 Thousand in 2020, according to our econometric models.