ADP reports that private payrolls increased by 146,000 in November, falling short of the anticipated growth.

According to a report from ADP, the growth of private payrolls in November was less than anticipated, indicating a slowing labor market.

In October, companies added 146,000 jobs, which was below the downwardly revised estimate of 184,000 and less than the Dow Jones estimate of 163,000.

The month saw the addition of 50,000 jobs in education and health services, 30,000 in construction, 28,000 in trade, transportation, and utilities, and 20,000 in the other services category.

On the month, 26,000 manufacturing positions were lost, and businesses with under 50 employees experienced a 17,000 drop.

Since October, the rate of wage growth has accelerated by 4.8%, marking the fastest gain in 27 months.

"Nela Richardson, ADP chief economist, stated that while the month's overall growth was positive, the industry performance was varied. Manufacturing had the weakest performance since spring, while financial services and leisure and hospitality were also soft."

Despite the lower than expected total and downward October revision, ADP's count of employment was still higher than the Bureau of Labor Services' closely watched nonfarm payrolls count, which showed an increase of only 12,000 jobs in October.

The BLS report, which is expected to reveal growth of 214,000, will be released on Friday, despite the impact of the Boeing strike and storms in the Southeast on the October total.