By CountingPips.com
U.S. employment data released today in the form of the ADP National Employment Report showed that U.S. private employment increased by more than expected in the month of November. The nonfarm private employment rose by 93,000 workers in November following the revised increase of 82,000 jobs in October. The October jobs data was 
revised higher by almost double the original release of 42,000 jobs gained.
November’s increase surpassed the market forecasts which were expecting an approximate gain of 70,000 jobs and the data marked the largest increase in three years. ADP employment has now shown positive levels for 10 straight months with the average gain being 47,000 workers per month.
The service-providing sector showed an increase of 79,000 jobs in November while the goods-producing sector rose by 14,000 jobs. Manufacturing had a gain of 16,000 jobs while construction jobs fell by just 3,000 workers. All size of businesses added jobs in November as large businesses increased by 2,000 jobs, medium sized businesses added 37,000 jobs and employment by small businesses rose by 54,000 jobs.
The market-moving US Nonfarm Payrolls report for November is to be released Friday at 13:30 pm GMT with market forecasts predicting a potential gain of 145,000 jobs and with the unemployment rate holding steady at 9.6 percent.
