US private sector job growth hits 6-month low in Nov.

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U.S. private sector job growth rose 67,000 in November, hitting a six-month low, payroll data company Automatic Data Processing (ADP) reported Wednesday.

Service-providing sectors gained 85,000 jobs, while trade, transportation and utilities lost 15,000 jobs, according to the monthly ADP National Employment Report, produced by the ADP Research Institute in collaboration with Moody's Analytics.

Goods-producing sectors lost 18,000 jobs, with decline in natural resources and mining, construction and manufacturing, said the report.

"In November, the labor market showed signs of slowing," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "The goods producers still struggled; whereas, the service providers remained in positive territory driven by healthcare and professional services."

Job creation slowed across all company sizes, Yildirmaz said, adding that small companies continued to face more pressure than their larger competitors.

"The job market is losing its shine. Manufacturers, commodity producers, and retailers are shedding jobs," said Mark Zandi, chief economist of Moody's Analytics.

Job openings are declining and if job growth slows any further, unemployment will increase, said Zandi.

The ADP report also revised down private sector added jobs in October from 125,000 to 121,000.

U.S. employers added 128,000 jobs in October and the unemployment rate was slightly up at 3.6 percent, earlier data from the U.S. Bureau of Labor Statistics showed.

The official data also showed that job gains averaged 167,000 per month from January through October in 2019, compared with an average monthly gain of 223,000 in 2018, indicating that job growth has been slowing over the past few months.

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