U.S. Private Payrolls Grow in November

Private payroll expansion cooled just a bit in November, but one economist warned that the jobs market overall is on the verge of overheating.

Figures released Wednesday by ADP and Moody's Analytics revealed that companies south of the border added 190,000 in the month as the economy seemed to return to normal following the violent hurricane season. The total was just above the 185,000 expected from economists and below the 235,000 growth in October.

Among the highlights: Manufacturing posted its best month all year as the sector added 40,000 positions. The growth comes as the government's headline unemployment rate is at 4.1% a 17-year low that economists believe will continue to decline.

The U.S. Labor Department will release its closely watched official non-farm payrolls count Friday, with economists expecting growth of 175,000 and the jobless rate holding steady.

According to the ADP/Moody's report, the biggest jobs in November came from service-providing industries, which added 155,000, while goods-producing companies contributed 36,000.

Aside from the jump in manufacturing, education and health services led with 54,000, professional and business services were next with 47,000 and trade, transportation and utilities contributed 36,000.