By Geoffrey Smith
Investing.com -- The pace of repair in the U.S. job market slowed again in November, as the private sector added fewer jobs than expected in a month overshadowed by surging Covid-19 cases and election controversy.
Payrolls processor ADP reported that private-sector payrolls rose by only 307,000 in the month through mid-November, well below the 410,000 gain expected. On a brighter note, October’s numbers were revised up to 404,000 from 365,000.
The numbers strike a downbeat tone ahead of the official government labor market report on Friday.