Economics

ADP Says U.S. Companies Added 206,000 Workers in November

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Companies added more workers than anticipated in November, easing concern the job market is stagnating in the third year of the U.S. recovery, according to a private report based on payrolls.

The 206,000 increase was the biggest this year and followed a revised 130,000 gain the prior month, Roseland, New Jersey-based ADP Employer Services said today. The median forecast of economists surveyed by Bloomberg News called for an advance of 130,000.