U.S. private sector hires over 200,000 in November, however shy of it's expected goal: ADP

(Reuters) - U.S. private employers added 208,000 jobs in November, falling short of economists' expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 221,000 jobs.

October's private payrolls were revised up to 233,000 from the previously reported 230,000.

Private employers have now added jobs for 57 straight months at an average rate of about 186,000 per month.

The report is jointly developed with Moody's Analytics.

"The labor market continues to make steady progress," Ahu Yildirmaz, vice president and head of the ADP Research Institute, said on a conference call following the data's release.

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1. http://www.reuters.com/article/2014/12/03/us-usa-economy-employment-adp-idUSKCN0JH1CU20141203