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The United States added a moderate 15,100 jobs in November of 2016, according to the ADP Research Institute. Restaurant franchises and auto dealerships had the largest number of hires, while business service franchises dropped by a thousand.
Despite a moderate increase in jobs among franchises, in contrast the economy saw strong hiring numbers in November. All private sector employment increased by 216,000 jobs from October to November, according to the November ADP National Employment Report. The report is derived from ADP's actual payroll data, measuring the change in total nonfarm private employment and franchise employment each month on a seasonally-adjusted basis.
"For the month of November 2016 we saw very strong job growth that has almost doubled in gains over October 2016," said Ahu Yildirmaz, vice president and head of the ADP Research Institute about the increase in private-sector jobs. "This growth was seen in primarily consumer-driven industries like retail and leisure and hospitality -- across all company sizes. Overall, consumers are feeling confident and are driving the strong performance we currently see in the job market."
Mark Zandi, chief economist of Moody's Analytics, added: "Businesses hired aggressively in November and there is little evidence that the uncertainty surrounding the presidential election dampened hiring. In addition, because of the tightening labor market, retailers may be accelerating seasonal hiring to secure an adequate workforce to meet holiday demand, although total expected seasonal hiring may be no higher than last year's."