Planned layoffs surpass 2010 total
James O’Toole and Aaron Smith
CNNMoney
November 30, 2011
Private-sector payrolls surged and planned job cuts eased in November, indicating some improvement in the job market and raising hopes for the government employment report due later this week.
The private sector added a seasonally adjusted 206,000 non-farm jobs in November, according to a monthly report issued Wednesday by payroll-processing company ADP. The company also boosted the number of private-sector jobs reported in October to 130,000 from the originally reported 110,000.
The ADP report trumped expectations. Analysts surveyed by Briefing.com expected private sector jobs to have increased by 125,000 in November.
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