ADP Report: Just 118k Jobs Created in November

I barely even have the energy to joke about how unexpected! it all is.

U.S. private-sector employers added fewer jobs than expected in November as superstorm Sandy hit companies in the northeast, a report by a payrolls processor showed on Wednesday.

The ADP National Employment Report showed the private sector added 118,000 jobs during the month. Economists surveyed by Reuters had forecast a gain of 125,000 jobs.

“Superstorm Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls,” said Mark Zandi, chief economist of Moody’s Analytics in a statement. Zandi helps compile the report.


Hurricane Obama has been wreaking havoc on the jobs market for years now.


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