by Calculated Risk on 12/01/2010 08:15:00 AM

ADP reports:

Private-sector employment increased by 93,000 from October to November on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from September to October was revised up from the previously reported increase of 43,000 to an increase of 82,000.

This month’s ADP National Employment Report shows an acceleration of employment and suggests the nation’s employment situation is brightening somewhat. November’s gain in private-sector employment is the largest in three years. This is the tenth consecutive month of gains, which have averaged 47,000 during that period. Nevertheless, employment gains of this magnitude are not sufficient to lower the unemployment rate, which likely will remain above 9% for all of 2011.

Note: ADP is private nonfarm employment only (no government jobs).

The consensus was for ADP to show an increase of about 68,000 private sector jobs in November, so this was above consensus.

The BLS reports on Friday, and the consensus is for an increase of 145,000 payroll jobs in November, on a seasonally adjusted (SA) basis and for the unemployment rate to stay steady at 9.6%.