November private-sector jobs rise 206K: ADP (by Ruth Mantell)
WASHINGTON (MarketWatch) -- Private-sector payrolls increased 206,000 in November -- the largest gain since last December -- led by the service-producing sector and small businesses, according to the ADP employment report released Wednesday. The October level was revised up to 130,000 from a prior estimate of 110,000. Markets look to ADP's report on private-sector payrolls to provide some guidance on the U.S. Labor Department's jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls. Economists polled by MarketWatch expect the Labor Department to report strengthening employment, with overall nonfarm payrolls up 125,000 in November, compared with 80,000 in October. Analysts also expect the unemployment rate to remain at 9.0%.