The Firms

December 1, 2010 2:37 PM

Report: Private Sector Jobs Outlook Looking Up

Posted by Tom Huddleston Jr.

It's looking like November was a great month for the private sector--and possibly the legal industry, by extension.

Private sector jobs saw their best monthly gain in the U.S. in three years, reports The Wall Street Journal, citing statistics from payroll company Automatic Data Processing Inc. and consultants Macroeconomic Advisers. The just-released report shows an increase of 93,000 jobs in November, far exceeding the 70,000 new jobs predicted by economists.

Also, ADP's report revised its private sector jobs numbers for October--from 43,000 new jobs to 82,000. The improved numbers reveal that "the nation's employment situation is brightening somewhat," the Journal reports.

The release of the ADP numbers now might be cause for optimism in the legal sector, which, according to monthly employment figures from the Bureau of Labor Statistics, lost 300 jobs in October. BLS will release its own monthly employment statistics for November at the end of this week--that data includes government workers, in addition to the private sector jobs reported by ADP. (The Am Law Daily offers monthly coverage of BLS employment data.)

According to the WSJ, economists are expecting gains in the public sector, too. Some other notable data from the ADP report: manufacturing activity continues to expand; construction spending went up 0.7 percent last month; service sector jobs increased by 79,000 jobs in November;  and 16,000 factory jobs were also added. 

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