Survey: November Hiring Slumps Due to Sandy
Only 118K jobs last month: ADP
By Newser Editors and Wire Services
Posted Dec 5, 2012 11:26 AM CST
David Luchsinger poses for a photo at the back door of his Superstorm Sandy-damaged home,on Liberty Island in New York.   (AP Photo/Richard Drew)

(Newser) – A private survey shows that US businesses added fewer workers in November, in part because Superstorm Sandy shut down factories, retail stores, and other companies. Payroll processor ADP says employers added 118,000 jobs last month. That's below October's total of 157,000, which was revised lower. Moody's Analytics' chief economist says the storm cut payrolls by 86,000 jobs.

Excluding the effects of the storm, "the job market turned in a good performance during the month," he adds. ADP is calculating job gains with a different methodology than it had previously used, so the new report covers more businesses, but excludes government job growth. The Labor Department will offer a more complete picture of October hiring on Friday.

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Showing 3 of 15 comments
Dec 5, 2012 2:08 PM CST
Republicans will now blame The President for Sandy.
Dec 5, 2012 1:37 PM CST
Once again, broken window economics fails haha
Dec 5, 2012 12:53 PM CST
Shouldn't there have been jobs created by the storm as well? ie, construction trades for rebuilding efforts? Maybe too early for that, but I would think at least some jobs would be created by the storm as well