Payroll provider ADP said Wednesday that businesses added 118,000 jobs in November, down from 157,000 in the previous month. Mark Zandi, chief economist at Moody's Analytics, which helps compile data for ADP, estimated that the storm lowered the job gains by about 86,000.The payroll losses from the storm could be higher in the government's total. That's because ADP counts people as employed if they remain on a payroll â¿¿ even if they're not paid. By contrast, the government counts people as employed only if they are paid.
Sandy Is Thought To Have Slowed US Hiring In Nov.
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