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Firms add 215,000 jobs in Nov., beat estimates
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Businesses added 215,000 jobs in November, payroll processor ADP said Wednesday, fueling hopes that the government's closely watched employment report this week will continue a recent string of solid gains.
The ADP survey, along with decent-to-strong reports on the broader economy and home sales, painted a portrait of an economy that's largely shrugging off the effects of the government shutdown and ongoing budget battles in Congress,
The increase in private payrolls was the most in a year and soundly beat economists' consensus forecast that 165,000 jobs were added. Economists anticipate that the Labor Department on Friday will report about 180,000 employment gains in its survey, which tallies net additions among businesses as well as federal, state and local governments.
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