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(CEP News) - Private non-agricultural employment in the United States fell by much more than consensus with a decline of 250k jobs in November, according to a report released from Automatic Data Processing on Wednesday morning. The previous month's data was revised down to -179k from an originally reported -157k.
"The decline is quickening and I see no evidence in this report of anything better coming in the next few months," said Joel Prakken, spokesperson for the report, on CNBC. Prakken said the figure is weak but a good deal better than the consensus for Friday's nonfarm payrolls report. The consensus was expecting a decline of 205k; forecasts prior to the release ranged from -169k to -350k. The loss of labour was driven by a 158k decrease in the goods-producing sector, which has been declining for 24 consecutive months. Manufacturing also pulled back 118k jobs, marking the 27th consecutive month of declines. Those losses were compounded by a 92k decline in the service sector, the second monthly decline in the sector since November 2002. Large businesses - those with 500 or more workers - saw employment decline 41k in the month, while medium-size companies saw a loss of 130k jobs. Employment among small businesses - those with fewer than 50 workers - fell by 79k during the month. "Falling employment at medium and small firms clearly indicates that the recession has now spread well beyond manufacturing and housing-related activities," the report said. The ADP survey reported continued trouble in the financial and construction industries. Employment in construction dropped 44k this month, bringing the total loss of construction jobs since the August 2006 peak to 521k. The ADP figures are the primary tool to forecast the nonfarm payrolls report from the Bureau of Labor Statistics, the benchmark employment figure for the United States. As of Wednesday morning, economists expect the BLS report to fall by 200k on Friday. By Patrick McGee,
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, edited by Nancy Girgis,
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