Job reports paint positive picture before U.S. data

I hope we can ride this little bit good news at least through the end of the year. May be this good news will also force Congress to do more than what they have been doing.

Private-sector payrolls surged and planned job cuts eased in November, indicating some improvement in the job market and raising hopes for the government employment report due later this week.

The private sector added a seasonally adjusted 206,000 non-farm jobs in November, according to a monthly report issued Wednesday by payroll-processing company ADP. The company also boosted the number of private-sector jobs reported in October to 130,000 from the originally reported 110,000.

The ADP report trumped expectations. Analysts surveyed by Briefing.com expected private sector jobs to have increased by 125,000 in November.

In a separate report from outplacement consulting firm Challenger, Gray & Christmas, layoffs announced in November dropped slightly from the prior month -- though cuts in 2011 have already surpassed last year's total.

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