Private companies added 103,000 workers to payrolls in November. This disappointed as consensus was expecting 123,000 additions. Also, the October number was revised down by 7,000 jobs erasing some of the strength off September’s 32 month low in hiring of 89,000.On an annual basis employment is growing 2.035% and continues to slow from the hiring surge of 2021 and 2022. There are 2,578,000 more people on private payrolls today than at this time last year which is historically a strong year. 
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