US private payrolls rise by 146,000 in November, below forecasts

By Gokhan Ergocun

ISTANBUL (AA) - US private payrolls rose by 146,000 in November, lower than market estimates of 166,000, according to a report released Wednesday by ADP Research Institute.

Annual pay was up 4.8% year-over-year in November, the report showed.

“While overall growth for the month was healthy, industry performance was mixed,” Nela Richardson, the ADP chief economist, said in a statement.

“Manufacturing was the weakest we've seen since spring. Financial services and leisure and hospitality were also soft," she added.

The October total of jobs added was revised from 233,000 to 184,000.