Private sector jobs make promising jump - WKOW 27: Madison, WI Breaking News, Weather and Sports

Private sector jobs make promising jump


MADISON (WKOW) -- U.S. private sector payrolls saw their biggest rise in three years in November, according to multiple reports, lifting optimism about the job market ahead of Friday's key government employment report.

Adding to the view that the U.S. economic recovery was picking up steam, non-farm productivity grew faster than previously estimated in the third quarter.

U.S. private employers added a stronger-than-forecast 93,000 jobs in November, the biggest rise since November 2007, after an upwardly revised gain of 82,000 the month before, according to data released Wednesday by ADP Employer Services, which jointly developed the report with Macroeconomic Advisers LLC.

Economists in a Reuters poll had expected a rise of 69,000 private-sector jobs in November.

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