REUTERS: While employment numbers are on the up and up, the average level of compensation continues to drop.
REUTERS: While employment numbers are on the up and up, the average level of compensation continues to drop.
“With all of the talk about a recession in Japan, possible recession in the euro zone and in Russia, the U.S. economy is looking much more attractive,” said Jennifer Lee, a senior economist at BMO Capital Markets in New York.
The ADP National Employment Report showed private payrolls increased by 208,000 last month after rising by 233,000 in October. Private payrolls have increased by more than 200,000 in seven of the last eight months.
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