Private sector employment increased by 189,000 in November, according to a report by payroll processor ADP, which sent stocks sharply higher on Wednesday.
ADP found that small businesses of one to 49 employees added 77,000 jobs, and midsized businesses of 50 to 499 employees added 82,000 jobs. Large businesses with more than 499 employees added 30,000 new jobs, reversing five consecutive monthly declines.
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