Private-Sector Job Growth Beats Forecasts in November With 534,000 New Positions Added

People attend a job fair put on by Miami-Dade County and other sponsors in Miami, Fla., on April 5, 2019. Joe Raedle/Getty Images

Private sector employment in the United States rose by a forecast-beating 534,000 jobs in November, according to the Automatic Data Processing (ADP) Research Institute, with the solid number coming despite one of the worst worker shortages in decades and rising inflation.

The numbers however, show a small decline from October, when companies added 571,000 new positions.