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ADP Says U.S. Companies Added 208,000 Jobs in the Past Month

According to a private survey, U.S. businesses hired at a solid pace last month, a signal that Friday's November jobs report from the government will likely also show strength.

According to a private survey, U.S. businesses hired at a solid pace last month, a signal that Friday's November jobs report from the government will likely also show strength. Payroll processor ADP said Wednesday that companies added 208,000 jobs in November. That's the third straight month that hiring has topped 200,000. The job gains in the ADP survey were broadly distributed: Construction companies added 17,000, manufacturers added 11,000. A category that includes retail, transportation and utility companies gained 49,000 jobs. But that trend has yet to spur significant wage gains. Average hourly wages have risen 2% in the past year, barely above inflation and holiday shopping is off to a slow start. This raises concerns that economic growth could weaken in the final three months of this year.

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